SocialVibe

SocialVibe

Infobox Dotcom company
company_name = SocialVibe
company_slogan = Get Sponsored. Give Back
company_
owner = Archetype Media
company_type = Private
foundation = 2007
location_city = West Hollywood, California
location_country = U.S.
num_employees = 25-50
url = [http://www.socialvibe.com]


caption = Screenshot of SocialVibe's main page
registration = Required
launch_date = January 2007
current_status = Active
language = English
advertising = [none]
website_type = Social networking

SocialVibe is a social networking website with over 160,000 members [http://www.socialvibe.com/#/users/] founded by Joe Marchese that aims to use sponsors to raise money for different charities. After joining SocialVibe, in addition to creating a personal profile, users are asked to select their favorite cause to support and to choose a sponsor. Once they have done so, they can earn points for themselves, which can be redeemed for a variety of different perks and money for their respective charities by posting their "badge" (a kind of advertisement prominently displaying their chosen sponsor) to another social networking site. [http://www.socialvibe.com/] The more a SocialVibe user's networking site is visited, the more points they are able to earn.

SocialVibe received $4.2 million in Series A funding led by Redpoint Ventures in December 2007. [Keane, Meghan. [http://blog.wired.com/business/2008/08/interpublic-par.html "Interpublic Partners With SocialVibe to Tap Into Brand Promotion on Social Networks".] "WIRED".] It was launched in February 2008 in public beta, [K.C. Jones. [http://www.informationweek.com/news/internet/social_network/showArticle.jhtml?articleID=207801641 "SocialVibe Raises Funds For Earthquake, Cyclone Relief] "Information Week"] and, as of July 29,2008, its members have raised a total of more than $100,000 for their respective charities. [http://www.marketwatch.com/news/story/socialvibecom-reaches-new-milestone-online/story.aspx?guid=%7B5EE24BC8-8951-4E54-9F12-24BB2E791B4A%7D&dist=hppr] On August 25th, SocialVibe formed a partnership with Interpublic, one of four major advertising holding companies worldwide, and its largest liaison to date. [http://www.marketingvox.com/interpublic-socialvibe-go-fishing-for-brand-evangelists-040594/] [http://www.bizreport.com/2008/08/interpublic_backs_socialvibe_to_link_social_nets_with_brand.html]

References

External links

* [http://www.socialvibe.com/ SocialVibe]
*http://www.crunchbase.com/company/socialvibe
*http://www.reuters.com/article/pressRelease/idUS265262+14-May-2008+BW20080514
*http://startupbeat.com/sub/2008/08/featured_pitch_socialvibe_id2255.html


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