MyPunchBowl Has Been Spiked… With Seed Capital
MyPunchBowl is a party planning website that is taking on Evite head on. VentureBeat reported today that the company has raised enough funding to keep developing for another year. The seed capital is less than $1 million and was invested by Intel Capital and eCoast Angels.Â MyPunchBowl is used for setting event times, providing information about the event, determining hosts, and connecting planners with local stores that sell party supplies.
Some of the new upcoming features for MyPunchBowl includes a Facebook Application called “Party Animal” and will have a pick-a-date tool that will determine one’s party personality. Currently MyPunchBowl is used a lot for family parties, book clubs, and baby showers. Rather than generating revenue from advertising, MyPunchBowl aims to focus on sharing revenues with vendors and other partners.
MyPunchBowl is based in Boston and was founded by Matt Douglas.Â MyPunchBowl has three total employees.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry