SocialVibe is a social networking website with over 700,000 members founded by Joe Marchese, Brandon Mills and David Levy, that aims to reward publishers of social media content through mechanisms such as donations to their charity of choice. 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.
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- 2007-01-01 00:00:00 (xsd:date)
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- 2007-01-01 00:00:00 (xsd:date)
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- SocialVibe is a social networking website with over 700,000 members founded by Joe Marchese, Brandon Mills and David Levy, that aims to reward publishers of social media content through mechanisms such as donations to their charity of choice. 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. 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. It was launched in February 2008 in public beta, and, as of January 12, 2009, its members have raised a total of more than $250,000 for their respective charities. On August 25th, SocialVibe formed a partnership with Interpublic, one of four major advertising holding companies worldwide, and its largest liaison to date. In spite of recent economic decline, in January 2009, JAFCO Ventures led an initiative along with Redpoint Ventures to raise the total amount invested in the company to $12 million, as the company shifts to a revenue sharing model with the charities it represents (all of the money raised on SocialVibe formerly went to the charity itself)
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- Screenshot of SocialVibe's main page
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- 2007-01-01 00:00:00 (xsd:date)
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| rdfs:comment
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- SocialVibe is a social networking website with over 700,000 members founded by Joe Marchese, Brandon Mills and David Levy, that aims to reward publishers of social media content through mechanisms such as donations to their charity of choice. 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.
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