Miniclip is a free online games website. It was launched in 2001 and is known for having a large and varied collection of games. It is the worlds largest privately owned online gaming website. It was started in 2001 by Robert Small and Tihan Presbie (who is no longer with the company) on a budget of £40,000 and quickly grew. As of 2008[update], the company has been valued at over £900 million, having been profitable for six of its first seven years, with turnovers exceeding £20 million from 2006–2008 alone. Miniclip has a social system with unregistered "game players" who play games with each other and play in custom friend leagues together. Players have their own game player pages with their games, statistics, awards, friends and applications.