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Second Life Boosted with $8 Million in New Financing
Bob Bunderfeld
Builder Extraordinaire
Join date: 10 Apr 2003
Posts: 423
10-28-2004 08:42
October 28, 2004 09:01 AM US Eastern Timezone

Second Life Boosted with $8 Million in New Financing; Linden Lab and Benchmark Capital Aim for the Metaverse

SAN FRANCISCO--(BUSINESS WIRE)--Oct. 28, 2004--Linden Lab(R), creator of the acclaimed 3D digital world, Second Life(R), announced today it has closed a financing round of $8,000,000 led by Benchmark Capital and with participation from Omidyar Network, a new organization lead by eBay founder, Pierre Omidyar. Existing investors including software pioneer Mitch Kapor also participated in the round.


"Second Life has a vibrant community where content creators and consumers reinforce one another," says Pierre Omidyar. "Better experiences attract more users, which further attracts entrepreneurial developers to enrich the experience. Opportunities abound and value is determined by the community."

"We have been blown away by the momentum inside of Second Life," said Benchmark Capital partner J. William Gurley. "While most multi-player gaming companies are inherently limited by the size of their development team, Second Life is limited only by the imagination of its users. This is clearly the most leveraged digital entertainment environment we have ever encountered." Gurley, who recently spoke about multi-player online gaming at the Web 2.0 conference, will be joining Linden Lab's board of directors.

"Within Second Life, thousands of people are creating what is in every sense of the word a new world. The demand for resources, servers, tools and features created by this rapid growth and heavy usage can be met with this new investment," said Philip Rosedale, CEO of Linden Lab. "I look forward to walking the digital streets of a place that has until now existed only in science fiction and dreams."

Mr. Gurley joins Mitch Kapor, founder of Lotus Development and founder of Kapor Enterprises and Jed Smith, managing partner of Catamount Ventures on the Linden Lab Board of Directors.
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Bob "The Builder" Bunderfeld

"There could be a 13 year old Genius out there smarter than I am." - Blake Rockwell
Moleculor Satyr
Fireflies!
Join date: 5 Jan 2004
Posts: 2,650
10-28-2004 09:52
Yeah, been old news for, what, twelve hours now? :p
Chip Midnight
ate my baby!
Join date: 1 May 2003
Posts: 10,231
10-28-2004 10:02
Great quotes in that press release.
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