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Social Networking - Friday, May 2, 2008

Recommendation Site GoodRec Claws Towards $1M First Round

Thumb San Francisco-based GoodRec has put together $900K of a $1.05PEHub again. The site is by invite only at this point but its a service that provides content recommendations via the Web and mobile devices. It sounds like old hat so we will have to hold our breaths to see what UI magic they have developed to impress investors. The startup is led by Mihir Shah, Co-Founder and CEO, who was Sr Director, Product Management, at Yahoo! Search for over 4 years. View - site... Continue...

Social Networking - Friday, May 2, 2008

Sports and TV Apps For Facebook Maker Watercooler Raises $4M

Thumb We discovered Watercooler back in August 2007 when we started to use one of its apps - the South Park app on Facebook. We noted then that Watercooler had raised an undisclosed amount of funding from Canaan Partners. Now we learn that Mountain View's Watercooler raised $4M in first-round funding from Canaan Partners last October. Watercooler claims to be the largest distributed community online for TV and Sports fans. With over 20M registered users, Watercooler connects people who are passionate about TV and Sports on Facebook, Myspace, Hi5, Friendster, and Bebo. Moreover, the nature of the apps is to engender long play so those users are racking up impressive page views - in the hundreds of millions per month. Watercooler is led by Kevin Chou who was with Canaan Partners before launching Watercooler. Since setting to work in July 2007, Watercooler has built over 700 Facebook apps. If that sounds like a lot its because 100% of Watercooler’s content is created by its users. Fans of sports teams or TV shows use Watercooler tools to create polls and trivia quizzes, upload photos, etc. Watercooler plans to make a living primarily via advertising but also through media partnerships and selling... Continue...

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