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December 18, 2006
Biz Angels Backing German Slide.com Clone Imageloop
Germany's Imageloop, a company that has developed an application for users to create an online moving photo album, or slideshow, for pasting into a website or their desktop, has raised around €1M from a syndicate of investors. A couple of the investors are are business angels that made their money from early Internet activities, such as Andreas Weigend, a former chief scientist at Amazon.com, and the founders of German broadband provider QSC.
Reading the firm's blog, and comparing the two sites, it is clear that the founders and new backers of Imageloop see it as a European contender to rival Slide.com.
Twin Sons Of Different Mothers
It is hard to believe that you can make a floatable business out of what could end up being added as a feature by developers at sites like Myspace, Bebo, or Blogger (owned by Google). But that thought is not daunting the venture's shareholders and they say the freemium model (see link below) is what's called for to create a businesse out of the application:
At present, it is completely free to use imagelooop. A re-structuring of costs through the introduction of premium membership, exclusive third-party products and advertising will take place at a later point.
Read - Imageloop financing press rel.
Read - Freemium (a:c euro)
Posted on December 18, 2006 07:56 AM | Posted to News And Updates | Permalink
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