What Company Is Offering:
PlayCafe is the first online game show network! Every Monday through Friday at 6 PM PST / 9 PM EST, they stream live, interactive game shows where YOU are the contestant. You can watch their live crew, play a variety of games, chat in real time with other players, and win prizes. The company, which is also making an embeddable widget version of its games, boasts an average playing session of 86 minutes, with 250 to 300 players per night. Prizes range from an iTunes song to $1000 cash.
How Much They Got from VCs:
LA-based PlayCafe, an online video game show, has raised an unspecified first round from First Round Capital, reports NTV, which notes that the raise is still in progress. The site offers a live Q&A game show, that allows users to participate for prizes and cash. So far, participation is still small, with the nightly game averaging 250-300 players. The company plans to eventually run the game around the clock—currently it runs an episode each night during the week.
More at:http://www.playcafe.com/
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