Pulse2 Technology and Social Media News » Dave Morgan

Gay Social Network Fab.com Raises $8 Million

Amit Chowdhry — Fri, 29 Jul 2011 00:56:14 +0000

Fab.com is a social network for gay men that used to be known as Fabulis. Fab.com has raised $8 million in Series A funding.

The Series A funding was from Menlo Ventures, First Round Capital, Baroda Ventures, The Washington Post, Jason Goldberg, SoftTech VC, SV Angel, Ashton Kutcher, Guy Oseary, A-Grade Investments, and Zelkova Ventures. Angel investors in this round included Kevin Rose, Jon Anderson, Don Baer, Josh Kusher, Dave Morgan, Ben Ling, and David Tisch. Fab.com’s seed round of funding was $1 million from Ashton Kutcher, SV Angel, SoftTech VC, First Round Capital, Baroda Ventures, and The Washington Post.

Fab.com has daily design inspirations and flash sales that provides 70% off of the retail cost. Membership to Fab.com is free, but the number of users are capped to maintain the low prices. Fab.com launched on June 9, 2011 and they have 350,000 registered users. Fab.com reported a profit of $1.3 million in the first 30 days of the debut. The company currently has about 45 employees.

[TechCrunch]

Simulmedia Raises $8M From Time Warner

Amit Chowdhry — Thu, 22 Apr 2010 16:31:53 +0000

Simulmedia has raised $8 million from Time Warner Investments. Other investors include Avalon Ventures and Union Square Ventures. Simulmedia has raised a total of $12 million.

Simulmedia helps TV companies improve their ratings by increasing the effectiveness of their TV promotions. Simulmedia started in 2009 and promises a 50-350% increase of viewers per program. Simulmedia will be using the new round of funding to continue to develop the company’s technology platform. Simulmedia was started by Dave Morgan. Morgan also created ad network company Tacoda, which was acquired by AOL in 2007.

[TechCrunch]

Twitter Drives 10% Of The New York Times Website Traffic

Amit Chowdhry — Tue, 22 Sep 2009 03:56:02 +0000

Martin Nisenholtz, the SVP of Digital Operations at The New York Times Company was speaking at the OMMA Global conference in New York City. Nisenholtz revealed that Twitter drives 10% of The New York Times’ traffic. The New York Times Twitter account has 1.8 million followers thus far and the number is growing at a rapid pace. This is “up from 0 a year ago,” according to Nisenholtz.

The interesting part about the traffic that The New York Times is getting from Twitter is that the micro-blogging company is not getting any money out of it. Twitter doesn’t have a revenue model as of right now. But given how much major news agencies are relying on the micro-blogging service, the company could eventually take advantage of their situation. Dave Morgan of Simul Media revealed the quote from Nisenholtz as shown in the above screen shot.