Virtual World Interest Wanes
Venture capitalists have cooled on virtual worlds, according to new data out today from conference company Virtual Worlds Management. The report says that VCs invested $594 million into 63 virtual worlds companies during 2008 (for a list, go here), down from the $1.4 billion invested during 2007. The data is a little slippery though, as exactly what constitutes a virtual world is subject to some debate. During 2007, for example, Providence Equity Partners put $300 million behind ZeniMax, which counts virtual worlds as just one of its business lines.
21 January 2009•1 min read
