The world says join www.socialvibe.com and make the world better you might ask what is socialvibe well SocialVibe is a social networking website with over 435,000 members[1] founded by Joe Marchese that aims to use sponsors to raise money for different charities. After joining SocialVibe, in addition to creating a personal profile, users are asked to select their favorite cause to support and to choose a sponsor. Once they have done so, they can earn points for themselves, which can be redeemed for a variety of different perks and money for their respective charities by posting their “badge” (a kind of advertisement prominently displaying their chosen sponsor) to another social networking site.[2] The more a SocialVibe user’s networking site is visited, the more points they are able to earn.
SocialVibe received $4.2 million in Series A funding led by Redpoint Ventures in December 2007.[3] It was launched in February 2008 in public beta,[4] and, as of January 12, 2009, its members have raised a total of more than $250,000 for their respective charities.[5] On August 25th, SocialVibe formed a partnership with Interpublic, one of four major advertising holding companies worldwide, and its largest liaison to date.[6][7]
In spite of recent economic decline, in January 2009, JAFCO Ventures led an initiative along with Redpoint Ventures to raise the toal amount invested in the company to $12 Million, as the company shifts to a revenue sharing model with the charities it represents (all of the money raised on SocialVibe formerly went to the charity itself)
SocialVibe