Weblo gets real funding for virtual monopoly game played with real properties
Posted by austin under General
I saw the story on VentureBeat about local entrepreneur Rocky Mirza and his company Weblo raising $3.3 million from VantagePoint Venture partners.
I didn’t get Weblo at first, but I had a chance to meet with Rocky a couple of months ago and I was surprised at how much the concept makes sense. Rocky’s a great local serial entrepreneur with a number of succesfull web companies to his credit.
Our networks are becoming social playgrounds. When adults play, they often like to play with real toys and real money. Consider Weblo a grown up version of Monopoly built around real properties. I think there is an cool alternate reality gaming component to this service. There is a fictional story, that involves real world elements and creates interactions and play among its members. The play may be no more legitimate then someone making money selling virtual goods in any number of the social worlds getting attention, but as long as people want to play with others the community will create the economy.
Congratulations to both Rocky and the team at VantagePoint Venture Partners.
MontrealTech Watch has a post up discussing the service.
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July 17th, 2007 at 4:49 pm[...] finally, old client Weblo (remember this?) just raised another $3m in venture financing. Venturebeat calls it a “pyramid scheme” but I see it as a search engine play. Users [...]
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