Tag Archives: Rich Miner
Experience Recommendation Service Stamped Launches An iPhone App
Stamped is a recommendation experiences company that has launched an iPhone application. Stamped is backed by Google Ventures. Stamped connects to your Facebook and Twitter network and uses these social networking services to provide experience recommendations in an organized way.
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Categories Bain Capital, Bain Capital Ventures, Google Ventures, Rich Miner, Stamped
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Location-Based Game Company SCVNGR Raises $4 Million From Google Ventures and Highland Capital
SCVNGR is a location-based game platform company that works with mobile devices. Google Ventures and Highland Capital have both invested $4 million into SCVNGR. Google Ventures partner Rich Miner will be joining the SCVNGR board of directors. SCVNGR will be cash-flow positive with over $1 million in revenue.
SCVNGR focuses on a niche gaming platform. The niche is that they make location-based scavenger hunts for companies, schools, and organizations. Many schools use the location-based gaming platform for campus orientation. Major companies use it for team building. SCVNGR has about 40 employees. The company is led by 21 year old Seth Priebatsch.
Clients include Duke University, MIT, University of Pennsylvania, Princeton University, the city of Rochester in New York, Yale University, MetLife, and HSBC. SCVNGR can be used using SMS on any phone, mobile web, or through free Android and iPhone applications.
Google Launches Venture Capital Division
Google has recently announced the Google Ventures, the company’s new venture capital fund. Google aims to use this division to take advantage of their own resources to support innovation and encourage other technology companies.
Google plans to invest in early stage investments across industries such as Internet, software, clean-tech, bio-tech, health care, and other industries that they haven’t thought about yet. In some circumstances, Google will depend on some of their own employees to recommend early stage companies.
Google has no problem spending tens of millions of dollars on a company depending on the stage of the company. Google Ventures is willing to co-invest with other outstanding venture capital firms. There will be a Google Ventures office based in Mountain View, California and in Cambridge, Massachusetts.
If you want your startup to be considered for funding, email is the best way to reach Google Ventures (ventures [[at]] Google.com). Bill Maris and Rich Miner are the first Managing Partners for the division.
In related news, Google recently invested in Pixazza, a service that connects advertising to images.
[via Google Blog]
Categories Bill Maris, Google, Google Ventures, Rich Miner
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