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April 30, 2008

Angel Backs Domain Name Milker WhyPark

Ohio-based domain name parking service WhyPark says it has raised $230K in angel funding from one of its customers - an investor and domainer named Alan Macomber. WhyPark says it hosts over 40K domains. It's not a bad business. WhyPark charges parkers a fee and in exchange WhyPark takes measures to maximize revenues while the domains are parked. Currently, it only brings in somewhat contextually relevant content in an effort to keep visitors on a parked site, but they plan to do more. Think of them as the small Ohio-based relative to Demand Media.

WhyPark also announced that it now has an ad network. Previously, customers had to use their own Adsense accounts to generate revenue from domains at WhyPark.

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Posted on April 30, 2008 01:54 AM | Posted to Advertising | Permalink

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