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Video - Wednesday, October 31, 2007

Vmix Changes Biz Model Away From Destination Site. Now Powering 190 Social Networks

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VMix has made the age old transition from a consumer destination site to a white label platform. The consumer site did well enough but that never satisfies investors.

San Diego-based Vmix says today that is it powering more than 190 white label social networks that reached an aggregate 60M monthly unique visitors. That was sufficient for it to close $16.5M in a new round of funding. New investors JK&B Capital and ATA Ventures joined existing investors Mission Ventures and Enterprise Partners.

We really appreciate what Ning has done and have heard good things about Kickapps. So It would seem that Vmix will need to do some very special things to pull up.

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