SocialMedia Networks is the first company solely focused on advertising in social media. We deliver compelling ways advertisers engage users across social media while providing developers with turn-key solutions to make money from their applications. Developers entrust us to monetize their traffic for over 5,000 applications, with a mix of brand and performance based marketers advertising on our network.
Appsaholic isn’t banner advertising like Lookery offers, or developers can get through traditional ad networks. Instead, Appsaholic sells click-throughs to other Facebook applications across their network of affiliated sites. It’s similar to FB Exchange’s link exchange model, but has more features (reporting) and seems easier to use (FBEx requires separate filings, Appsaholic can use PayPal). They have plans for other models as well, including an advertising that rewards users for engaging in advertisements.
Thus far, SocialMedia has 1,475,837 apps installed.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 12/31/07 | Series A | 3.5M | Point Nine Capital, Spindrift Equities, Extreme Credit Ltd., Keren Hagshama, Rizvi Traverse Management, Digital Sky Technologies, Goldman Sachs, Second Ave Partners, London Business Angel, Cranson Capital Securities | Unknown |
People
Dennis Yu (Analyst and Co-Founder)
Darryl Eaton (Product Management)
Julia French (marketing)
John Krystynak (Engineer)
Roj Niyogi (VP Engineering)
View more details about all 6 people at SocialMedia Networks