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U.S. Virtual Economy Set To Make Billions
We moved from an economy that makes things to an economy that buys things. Bad enough, really, but the BBC says we’re moving on to buying imaginary, er, virtual things:
[Venture capitalist Jeremy] Liew, whose firm Lightspeed Venture Partners has invested $10m in virtual goods companies, said the rapid growth of the sector was unprecedented.
“We have seen companies go from nothing in the last 18-24 months to tens and hundreds of millions of dollars in revenue.”
A quote worthy of The Onion:
“These virtual goods are easy to buy, they are accessible, they are online,” said Ms Cox.
For those who are more seriously interested in the trend toward virtual goods, see here and here.
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One Response to “U.S. Virtual Economy Set To Make Billions”
Hey, how did I miss this? After sending all our manufacturing jobs and trillions of dollars overseas, we can just sell imaginary stuff. Yeah, that's the ticket. Finally, jobs that game-addicted youth can get paid to do (well, pennies, but still).