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Hmm, 16M for K2.

This is a discussion on Hmm, 16M for K2. within the General Chat forums, part of the Knight Online (ko4life.com) category; LOL, I think they are getting in a little deep. http://www.freshnews.com/news/fresh-money/...8509.html?Intel K2 Network, Inc. ( www.k2network.net ), an online game ...
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  1. #1
    OLD1953
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    LOL, I think they are getting in a little deep.

    http://www.freshnews.com/news/fresh-money/...8509.html?Intel

    K2 Network, Inc. (www.k2network.net), an online game publisher, today announced that the company has closed a $16 million Series B round of venture capital led by IntelCapital, the investment arm of IntelCorporation. The funds will be used to further develop and internationally market and grow its portfolio of personal computer, Free2Play multi-player online games.

    IntelCapital was joined in this funding by new investors Greycroft Partners, Khosla Ventures and Novel TMT Ventures as well as returning investors BV Capital and mvp Capital. The online gaming industry has grown rapidly in recent years and is forecasted to hit $13 billion by 2011 according to DFC Intelligence. With its plans for international expansion, key portfolio acquisitions and more, K2 Network is poised to be a significant player in that growth.

  2. #2
    Banned
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    WTF !!!

    link dont work

  3. #3
    tamachan
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    I dont understand :S.. are they paying 16m to work on the Knightonline Client and Upgrade it? or buy macdonalds and sleep in the office and ignore thier customers...

  4. #4
    tindall
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    forecasted to hit $13 billion by 2011, god that would be the day, k2 lol

  5. #5
    OLD1953
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    WTF !!!

    link dont work[/b]

    Works fine for me.

  6. #6
    ph3var2
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    Why the fak would intel invest 16m in k2 networks :/
    Maybe they dont read what players actually think about k2.

  7. #7
    Cammers91
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    Why the fak would intel invest 16m in k2 networks :/
    Maybe they dont read what players actually think about k2.[/b]
    Exactly

  8. #8
    Aba
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    maybe regardless of player feedback people still pay a lot of money to play the games


    h34r:

  9. #9
    Section Moderator KrepiN's Avatar
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    what would it cost to bring us server with capacity to have 20 k players on each 100k$ or so

  10. #10
    Senior Member giga's Avatar
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    this will give k2 a bigger budget to higher gms that actually log into game, and more cs reps so 99% of responses aren't automated

    :/











    PFFT i made myself laugh

  11. #11
    BlueDragooN
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    omg :P

  12. #12
    TaDaaa
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    Since 1991, IntelCapital has invested more than U.S. $6 billion in approximately 1,000 companies in over 40 countries

    A few million is noting to them, plus K2 is just one of a thousand they have invested in.

  13. #13
    MillionVoices
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    They project this data on an exponential graph. Thats how they come up with 13 billion. K2 Yearly income atm is prob 50-100m maybe less.

    They assuming lol every gamer will be playing their games too probably.

  14. #14
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    They project this data on an exponential graph. Thats how they come up with 13 billion. K2 Yearly income atm is prob 50-100m maybe less.

    They assuming lol every gamer will be playing their games too probably.[/b]
    are you guys blind or stupid

    there not saying k2 will reach 13 bil by the year 2011 they are saying the WHOLE gaming industry

    learn to read and comprehend a news article

  15. #15
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    are you guys blind or stupid

    there not saying k2 will reach 13 bil by the year 2011 they are saying the WHOLE gaming industry

    learn to read and comprehend a news article[/b]
    yea... i was wondering if I was the only one who understood that it was the gaming industry that would get the billions and not k2

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