3GUpload Announces $20M Investment from VantagePoint Venture Partners; Company Acquires Mobile Community Site, Mophone, Plans to Create New Web-to-Mobile Community, Announces William Bryant as New CEO.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- 3GUpload(TM) (www.3gupload.com), a leading direct to consumer mobile entertainment company, today announced a $20 million investment from VantagePoint Venture Partners, one of the largest and most active venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] in the nation and the investors behind the highly popular social networking site A Web site that provides a virtual community for people interested in a particular subject or just to "hang out" together. Members create their own online "profile" with biographical data, pictures, likes, dislikes and any other information they choose to post. , MySpace. The company also acquired Mophone(TM), a pioneer in the mobile community space, and the combined company will relaunch Relaunch can refer to several things:
"We saw community and social networking See social networking site. social networking - social network take off first hand from our experience with MySpace," said Eric Ver Ploeg, managing director at VantagePoint Venture Partners. "The next phase is to extend this concept to the mobile platform. 3GUpload has managed to create a thriving mobile entertainment business with no outside investment. By augmenting their impressive entrepreneurial team with proven management and the financial resources to grow the business, this company can maintain its leadership in the mobile entertainment and community space." William (Bill) Bryant will serve as chief executive officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) of the newly expanded 3GUpload. Bryant has had early and instrumental involvement in several leading software and Internet companies, serving variously as a founder, senior executive, investor and board member. He was previously CEO of Mophone, and a co-founder of Qpass, where he served as CEO and later chairman. He was also president of Netbot, Inc., and a partner with Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the , a large international venture capital firm with $2.5B under management. "3GUpload has done a tremendous job of creating a passionate following in the mobile music arena," said Bryant. "With this unique combination of companies and the backing of VantagePoint, we'll build on that success to create the definitive web-to-mobile community." 3GUpload allows millions of members to discover new content, store personal files, meet new friends and connect to all things mobile. Members are able to select from more than 30,000 fully licensed music tones, polyphonic The ability to play back some number of musical notes simultaneously. For example, 16-voice polyphony means a total of 16 notes, or waveforms, can be played concurrently. ringtones, voice tones and sound effects sound effects Noun, pl sounds artificially produced to make a play, esp. a radio play, more realistic sound effects npl → efectos mpl sonoros ; screensavers and wallpaper wallpaper was used in Europe in the 16th and 17th cent. as an inexpensive substitute for costly hangings. The French developed marbled papers, introduced from the East via Italy and used at first for box coverings, into larger sheets for wall coverings and also made ; mobile games including adventure, arcade, board, card, exercise, fun, puzzle, racing, shooter and sports; and utilities and applications to enhance the web-to-mobile experience. Members can preview ringtones before uploading to "MyLocker" and downloading onto their phones. "Personal Files" in "My 3G" also allow members to upload their own pictures and ringtones onto mobile phones with 100 MB of free storage. 3GUpload encourages music fans to rate tracks so the company can then make recommendations on additional music tones to meet their tastes. The site also publishes a Top 100 downloads list to track the hottest ringtones. "This substantial investment from VantagePoint is a huge validation that we're on the right track," said David Hosei, co-founder of 3GUpload. "We're incredibly excited about this opportunity to grow our business and provide more value to our users." About 3GUpload 3GUpload (www.3gupload.com) is a leading web-to-mobile destination site for mobile entertainment. The direct-to-consumer service provides more than 30,000 ringtones, screensavers, games and other 3G applications to mobile customers nationwide, regardless of carrier. The site's robust community is a forum for millions of members to meet with friends to discuss music, entertainment, mobile technology, and more. 3GUpload offers a variety of subscription models ranging from $5.99-$13.99 that comes with a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. cell phone locker Things commonly known as lockers include:
About Mophone mophone(TM), a peer-to-peer discovery and management platform for mobile content, is the most user-friendly and comprehensive mobile community service available today. mophone(TM) is the premier service offering of Mobile Operandi, a privately-held corporation headquartered in Vancouver, B.C. For more information about mophone, visit www.mophone.com. About VantagePoint Venture Partners VantagePoint Venture Partners is among the most active and successful venture firms in the world with more than $2.8 billion of capital under management. The Firm invests exclusively in technology driven companies and is organized around deep expertise and resources in five principal areas of interest: Software/Internet, CleanTech, Communications and Systems, Healthcare, and Semiconductors. VantagePoint is a multi-stage investor, investing in high growth businesses at all stages of development. The Firm believes in applying an active, hands-on and team oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. approach to businesses not only at the traditional early stage, but throughout a company's progression to scale. For more information, please visit www.vpvp.com. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion