Sep 20 2007
6th grade Founder lands $6.5M from VCs
Apparently a 6th grader, Arjun Mehta, in San Jose landed $6.5M in a series A round round led by Easton Capital, Menlo Ventures, STIC and Novel TMT Ventures for his idea of an in-game commerce system called Playspan.
My first reaction is a combination of “Wow… smart kid!” and “Holy crap.. we ARE in a bubble again if VCs are funding 11 year olds with $6.5M A rounds…”
Of course, the article in TechCrunch is very light on detail, so I am betting that this may well have been the kid’s idea, but his parents are probably SV entrepreneurs who are using the kid’s talents as a hook to sell the idea to the VCs. Still, great to see kids stepping up early and learning to get in the game. Kudos to the parents (or whomever) who are (hopefully) mentoring this young guy, and for using his talents as a lever to get funded!
[update: according to Metaversed, PlaySpan's co-founder and CEO is Karl Mehta, who, though it's not stated in the article is probably Arjun's Dad. So, I was right .. .clever parents! Is this a great country or what?!? 
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