Metaverse Mod Squad Gets Over $200k from Angel Investors

Metaverse Mod Squad, an avatar staffing company for virtual world events and businesses, announced that, on June 6, it received over $200,000 from angel investors in a bridge loan that may later convert to equity in a regular Series A round. Investors include  Treb Ryan, CEO,  OpSource; Marv Tseu, Director and Chairman, Plantronics; Silicon Valley financial exec Carolyn Aver; and Peter E. Hilliard, an executive HR and management consultant at Hilliards Group.  As befitting an investment in a virtual company providing virtual services, the closing of the investment took place in the Mod Squad's virtual office in Second Life (video here).

"Virtual communities supported by real human interaction allows for a whole new experience for a set of users increasingly living online," Ryan said in a statement. "Metaverse Mod Squad’s experience, people and technology are perfectly positioned to benefit from this trend and actually accelerate the adoption of the next generation of virtual online communities."