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Can Virtual Currencies Help Bridge The Gap Between Free And Paid Content?

Nov 10, 2009 12:01 PM

Virtual goods and micro-transactions have been driving the billion-dollar online games industry across Asia for years. And deals like EA’s $400 million buyout of social gamer Playfish, and Activision’s new virtual pets addition to World of Warcraft, show that virtual currencies have now evolved into a viable business model for…

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Posted In: E-Commerce, Payment Systems, Micropayments, Entertainment, Games, Media & Publishing, Money, Social Media, Virtual Worlds, Companies, Amazon, firstmark capital, livegamer, paypal, rick heitzmann, second life

Online Gamer Riot Games Lands $8 Million Funding, Partners With Tencent

Sep 9, 2009 1:11 PM

Riot Games has raised $8 million in funding from Benchmark Capital, FirstMark Capital, and Chinese online media company Tencent. Tencent is a new investor; it recently signed a deal to distribute Riot Games’ forthcoming multi-player online game, League of Legends, in China. Benchmark and FirstMark backed the L.A.-based startup with…

why tencent is an ideal investor, after the jump »

Posted In: E-Commerce, Payment Systems, Micropayments, Entertainment, Games, Money, M&A & Venture Capital, Venture Capital, Social Media, Virtual Worlds, benchmark capital, firstmark capital, riot games, tencent

WePlay Gets $8.6 Million Second Round For Youth Sports; Investors Include LeBron James, Jeter

Aug 5, 2008 11:00 AM

WePlay, the community and youth sports site incubated out of CAA, has raised an $8.6 million second round led by Deep Fork Capital. Past backer FirstMark Capital (fka Pequot Ventures) also participated, as did senior executives and pro athletes Derek Jeter, LeBron James and Peyton Manning. All three of those…

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Posted In: Entertainment, Sports, Money, M&A & Venture Capital, Venture Capital, Social Media, deep fork capital, derek jeter, firstmark capital, lebron james, peyton manning, weplay

Online Search Marketing Firm Clickable Gets $14.5 Million Funding

Jul 29, 2008 11:40 PM

Clickable, a New York City-based online search advertising and marketing startup, has received $14.5 million in its second round. The round was led the Founder’s Fund, as well as its previous investors Union Square Ventures and FirstMark Capital. This brings its total funding to $22.5 million. The company, founded in…

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Posted In: Advertising, Marketing, Money, M&A & Venture Capital, Venture Capital, Search, Technologies / Formats, firstmark capital, founders fund, usv

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