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Notable News: Bezos Invests in Kongregate

Posted on May 01, 2008

Normally I don t get too excited about billionaires making investments in start-ups: I mean that s what they do, but this news about Amazon founder Jeff Bezos investing $3 million in casual gaming company Kongregate, is worth noting. Is this a simple investment? Or is it sign of things to come from Amazon? I think it is the latter. Kongregate is like YouTube of games, offering free, ad-supported Flash games and an online community. This is a rainy-day recession fund, CEO Jim Greer told Red Herring. The company still has more than $3 million of its previously raised cash. After this c...

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amazon , online , youtube