Comments on: PlaySpan Raises $16.8 Million For Virtual-Goods Marketplace

By: PlaySpan Study Shows Growth In Virtual Goods Marketplace

PlaySpan Study Shows Growth In Virtual Goods Marketplace — Wed, 28 Oct 2009 13:01:38 +0000

[...] worth of micro-transactions through its PayByCash and Ultimate Game Card products. PlaySpan also raised $16.8 million in a series B funding last Fall from Easton Capital Group, Menlo Ventures, Novel TMT Ventures, and [...]

By: infoyourway.com » Micro-Consolidation: PlaySpan Buys Spare Change

infoyourway.com » Micro-Consolidation: PlaySpan Buys Spare Change — Tue, 21 Apr 2009 13:24:07 +0000

[...] PlaySpan raised $16.8 million in a series B funding just last February from Easton Capital Group, Menlo Ventures, Novel TMT Ventures, and STIC. The startup was famously founded by a 12-year-old, Arjun Mehta, but it is really run by his father, CEO and co-founder Karl Mehta. [...]

By: The Tech Town » Micro-Consolidation: PlaySpan Buys Spare Change

The Tech Town » Micro-Consolidation: PlaySpan Buys Spare Change — Tue, 21 Apr 2009 13:21:10 +0000

By: Techeroid » Micro-Consolidation: PlaySpan Buys Spare Change

Techeroid » Micro-Consolidation: PlaySpan Buys Spare Change — Tue, 21 Apr 2009 13:00:38 +0000

By: Micro-Consolidation: PlaySpan Buys Spare Change | TechgearX.com

Micro-Consolidation: PlaySpan Buys Spare Change | TechgearX.com — Tue, 21 Apr 2009 12:59:46 +0000

By: Trade Jim News » Micro-Consolidation: PlaySpan Buys Spare Change

Trade Jim News » Micro-Consolidation: PlaySpan Buys Spare Change — Tue, 21 Apr 2009 12:56:46 +0000

[...] PlaySpan raised .8 million in a series B funding just last February from Easton Capital Group, Menlo Ventures, Novel TMT Ventures, and STIC. The startup was famously founded by a 12-year-old, Arjun Mehta, but it is really run by his father, CEO and co-founder Karl Mehta. [...]

By: Micro-Consolidation: PlaySpan Buys Spare Change

Micro-Consolidation: PlaySpan Buys Spare Change — Tue, 21 Apr 2009 12:46:01 +0000

By: horny toad

horny toad — Wed, 11 Mar 2009 02:42:12 +0000

Millions of dollars in revenue my ass. If that’s true, it’s from PayByCash, not PlaySpan. Their model is bogus. What real games with any volume have they enlisted? None. Not to mention the depression we’re in… good luck playspan. Gonna be PlayDead pretty soon… lol

By: James

James — Mon, 09 Mar 2009 17:03:43 +0000

lol, I think the site is a scam.
Basically, I sign up, get the 100 points, use it to buy something, and it just stays on: Order Status: On Hold.

And under the transactions, it says the activity, and right next to my order it says “Expired” even though it has only been ordered for like 5 mins.

Unless someone proves me wrong, I’m not using the site.

By: moses

moses — Fri, 27 Feb 2009 20:01:10 +0000

so true i mean same here i try to earn points but i cant, it wont even let me register a new acc? i beleive this site is gonna crash they have some serious maintaining to do.

By: moses

moses — Fri, 27 Feb 2009 19:58:04 +0000

playspan marketplace stopped workijng? it gives me a shittload of crap

By: grade man

grade man — Thu, 05 Feb 2009 22:34:25 +0000

well im trying to earn points but it seems i cant everytime i click earn nothing happens but over all the site is cool

By: Elliander

Elliander — Fri, 30 Jan 2009 07:28:50 +0000

I can’t imagine PlaySpan staying in buisness. I signed up for an account, and used their system to earn points by checking advertisements with their partners, earned 3000 points, and when I went to redeem the points they wouldn’t let me redeem the points and wouldn’t tell me why.

This was the exact message:

”
This email is to inform you that your recent order (ORDER ID
002-073510-04207359-039) for EVE – 30 Day Starter Pack has been cancelled
prior completion. Your account has not been charged.

“As mentioned on our site, PlaySpan takes your security and safety as a top priority. We have established a number of rules, supporting processes and system constraints that allow us to filter user behavior, account activity and fraudulent charges. Your recent order activity was highlighted in a number of rules, and as a course of business, your order was cancelled.”

I asked them about what was going on and they wouldn’t tell me anything. They said:

“Unfortunately, we cannot be specific at this time about the security procedures and policies we have in place that are affecting your orders.

In order to continue with your purchases, you will need to use our alternate payment method of PayByCash.”

In other words, they got paid by their advertisers more than 30.00 worth and now they want me to pay them cash in addition.

My account with them is less than 12 hours old and I gave them no credit card information. So I think they are running a scam.

By: Roger

Roger — Sun, 11 Jan 2009 17:08:29 +0000

Don’t be too impressed. Despite this influx of cash the company started laying off people last week in the PayByCash offices. One office lost 40% of its people. No creative measures to prevent layoffs were contemplated or offered–they just hacked, hacked hacked. To add insult to injury the company canceled insurance benefits for those laid off the same day–not even bothering the exercise the standard of keeping benefits until the end of the month. Money does not buy stability, good sense, or a conscience.

By: MMO Gold-farming comes of age

MMO Gold-farming comes of age — Tue, 23 Dec 2008 22:32:20 +0000

[...] reports that Playspan has raised $16.8 million to expand its virtual goods marketplace. The money came from existing investors including Easton Capital Group, Menlo Ventures, Novel TMT [...]

By: Lunch 2.0 » Change Your Brain Change the Web: Holiday Family Hackathon

Lunch 2.0 » Change Your Brain Change the Web: Holiday Family Hackathon — Fri, 05 Dec 2008 08:54:02 +0000

[...] startup, which was literally founded by a 5th grader, just raised $16.8 million in a series B round on virtual goods. PlaySpan was founded two years ago by Arjun Mehta, then in [...]

By: PlaySpan Gets Funding For Video Game Goods Marketplace

PlaySpan Gets Funding For Video Game Goods Marketplace — Sat, 29 Nov 2008 04:15:17 +0000

[...] Erick Schonfeld, “PlaySpan Raises $16.8 Million For Virtual-Goods Marketplace”, TechCrun… Share and Enjoy: These icons link to social bookmarking sites where readers can share and [...]

By: Funding Roundup «

Funding Roundup « — Thu, 27 Nov 2008 23:55:12 +0000

[...] and Spark Capital participating in the round. TechCrunch has more details here. TechCrunch also reports that PlaySpan, founded two years ago by a fifth grader (and his father) has raised a $16.8 million [...]

By: Virtual Goods Marketplace founded by a 5th Grader.

Virtual Goods Marketplace founded by a 5th Grader. — Wed, 26 Nov 2008 17:44:14 +0000

[...] PlaySpan Raises $16.8 Million For Virtual-Goods Marketplace by Erick Schonfeld on November 25, 2008 [...]

By: MMO Gold-farming comes of age — Nicholas Lovell’s Games Industry Blog

Wed, 26 Nov 2008 16:50:18 +0000

[...] reports that Playspan has raised $16.8 million to expand its virtual goods marketplace. The money came from existing investors including Easton Capital Group, Menlo Ventures, Novel TMT [...]

By: Chad Meyer

Chad Meyer — Wed, 26 Nov 2008 14:57:06 +0000

I think gamers buy gold and other assets all the time and say they don’t OR don’t want to admit to it in front of their friends in the game. Publishers are just PO’d because they are not making money off of trading. The market demand for this stuff is not going away. Time to wake up!

By: TechStartups.com is a blog aimed to bring you more than just internet products or internet related companies.

Wed, 26 Nov 2008 14:56:08 +0000

[...] when we talked about Facebook’s colossal virtual economy? Well, a new competitor in the virtual marketplace space has emerged: [...]

By: Roswell

Roswell — Wed, 26 Nov 2008 14:45:34 +0000

$50 million in transactions? I signed up out of curiousity and I’ve never even heard of any of these games. Are they going to support Warcraft or any of the major MMOs?

By: Alex

Alex — Tue, 25 Nov 2008 20:38:52 +0000

Congrats, Karl

By: Brock

Brock — Tue, 25 Nov 2008 20:12:38 +0000

some background information. I guess game companies now finally take it serious.

http://www.wire...currentPage=all