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Their first fund was a $75 million fund raised in 2006 and they very recently announced a brand new $130 million fund. Monetization: virtual goods (1/3 of total revenues); Partnerships with major brands (currently partnered with H&M and Travel Channel); forecasted to hit 6mm users by end of Summer 2010. Competitors: Knewton.
Basically started as somebody of how do we take photos of cars and the pricing and descriptions of the cars, and put it all in one place, but then syndicate it. They were very much a luxury item. It was a different day and age. John Jantsch: Yeah, they were pretty crappy too. I had one, and photos on it were terrible.
The “official” date is June 9 th , 2006 — for those that are curious about such things). The process is called mass syndication, or a party round. Listening to first-time entrepreneurs talk about their competitive advantages is as predictably invalid as the local weatherman's 10-day forecast. We have the most features.
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