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    1. 09-20-2007 04:13 AM #1
      Ynot
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      Life is so unfair

      http://venturebeat.com/2007/09/19/pl...nture-capital/
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    2. 09-20-2007 06:39 AM #2
      Clairity
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      A 12-year-old has just raised $6.5 million in venture capital?!?!

      My stomach hurts.
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    3. 09-20-2007 06:48 AM #3
      pj
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      I see that as encouraging! It demonstrates what is available to everybody if we choose to believe and stretch a bit.

      We live in an amazing world with infinite possibility. Good for him!!!!!!

      On ne voit bien qu'avec le cœur, l'essentiel est invisible pour les yeux.
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    4. 09-20-2007 08:58 AM #4
      Cyclic13
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      Taken from the same link...
      Quote Originally Posted by Rafat 09.19.07 | 9:39 pm
      The story about 12 year old co-founder is a big oversell…I know because I broke the story on funding two days ago. The CEO Karl Mehta and Arjun’s dad is the real guy behind it…arjun just came up with part of the idea for it, and is not really involved with the business per se. Arjun’s mention on the site is a gimmick which will be rectified soon…the release doesn’t mention him and for good reason.
      There are tons of good ideas for stock investing if you just keep your eyes open for them. When I was 12 or so, I told my dad to invest in 3DFX (a 3d graphics card company) back in the days of quake 1 and he made about 50k before the bottom dropped out and other video card companies like ATI and GeForce surpassed it. Needless to say I got a cut of it.

      Also, during the Sony PSP hype I knew a bunch of game otaku would be looking to score themselves a unit before they hit the US markets so I bought all the japanese ones I could find (20 units), and sold them on Ebay the week of their release at triple the price. I continued selling them all through christmas making a pretty penny after all was said and done.

      ...just keep your eyes open.
      Last edited by Cyclic13; 09-20-2007 at 09:07 AM.


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    5. 09-20-2007 09:44 AM #5
      NeAvO
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      I now hate that kid

      *green with envy*
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    6. 09-20-2007 10:16 AM #6
      Merlock
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      Well, aye, two points to consider:

      - as mentioned above, he is indeed a "co-founder" and that's stretched
      - it's just another truly original, and more importantly, successful idea thought up by someone

      That is to say that this whole case isn't anything amazingly unbelievable since, when looking at the big picture, we wouldn't have all the modern technology we have now and what not if someone didn't come up with each innovative invention/idea at some point.
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