CampusEngine.com Wins First Ever Venture Capital Awarded On a Television Program.FOLSOM, Calif.--(BUSINESS WIRE)--August 2, 2000 Move over, "Who Wants to Be a Millionaire." The new question is, "Who Wants to Win Venture Capital." In the first-ever venture capital to be awarded on a television program, the PBS-syndicated show "MoneyHunt" considered ideas from hundreds of entrepreneurs, all looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a $100,000 investment and the prestige of emerging victorious from the "Wow! What a Great Idea" contest. The winner -- CampusEngine.com, a California start-up that is helping college newspapers transform their web sites into state-of-the-art Internet portals for their campus communities and offering businesses an excellent vehicle to reach the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. college student market. "We are thrilled to win this competition and the confidence of people who see thousands of business plans," said CampusEngine.com President and 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. Jack Crawford Jr. "We are getting a tremendous response from the college newspapers and from businesses interested in reaching the college student market." "We already are partnering with nearly 70 newspapers around the country, including more than one-third of the newspapers serving the 100 largest campuses in the country, and we expect that number to grow to 150 by the end of the year," Crawford said. CampusEngine.com's initial network of nearly 70 newspapers serves campuses with a total of more than 1.4 million students in 29 states. "A lot of web sites can deliver traffic, but we are delivering a network of campus Internet portals with strong brand names and trusted local content that no one else can match," Crawford said. "Together, these sites offer businesses an excellent entry into the college student market, particularly when combined with other marketing and promotion support we provide." "When we created 'MoneyHunt,' our goal was to foster the entrepreneurial spirit and highlight the best and the brightest of the new business ideas being developed across the country," says "MoneyHunt" host and Co-founder Miles Spencer. "CampusEngine.com is more than just a great concept, but a working, successful business model with vast potential for rapid growth. CampusEngine.com is a proven winner that delivers the services it promises, making it a company we are proud to choose as the first in which 'MoneyHunt' invests." In an episode that premiered today on MoneyHunt's web site, http://www.moneyhunt.com/c_entrepreneurs/tentv.shtml, Crawford faced off against James Alexander of Mibrary.com, a New York start-up. Both CEOs were grilled by MoneyHunt hosts Miles Spencer and Cliff Ennico. Crawford's road to winning began in March at the Golden State Venture Capital Conference in Sacramento. CampusEngine.com beat out nearly 20 other competitors at that event and went on to an appearance on a regular MoneyHunt segment. Based on his appearance on that segment, Crawford was chosen to be a finalist for the $100,000 contest. CampusEngine.com, founded in October 1999, provides state-of-the-art web publishing and portal technologies, such as free e-mail, auctions and interactive forums, plus comprehensive on-campus marketing and promotion support for businesses. "We are using traditional business concepts of economies of scale and aggregation combined with the new power of the Internet to create a business model that works," Crawford said. "Many companies have set up online sites to reach college students and then proceed to spend tens of millions of dollars to establish a brand name. In contrast, we leverage newspaper brands to create online Internet portals." About CampusEngine.com CampusEngine.com, based in Folsom, is the leading provider of portal technology, web publishing expertise and training to campus newspapers. The company received first round financing of $1.5 million in January and expects to close its second round this summer. CampusEngine.com's clients include newspapers serving: the University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System. The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas ; the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. ; Indiana University; the University of Wisconsin; the University of Illinois University of Illinois may refer to:
The President of the University of Georgia (as of 2007, Michael F. Adams) is the head administrator and is appointed and overseen by the Georgia Board of Regents. ; the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Davis; and the University of New Mexico The University of New Mexico (UNM) is a public university in Albuquerque, New Mexico. It was founded in 1889. It also offers multiple bachelor's, master's, doctoral, and professional degree programs in all areas of the arts, sciences, and engineering. . For more information about CampusEngine.com, please visit our website: www.CampusEngine.com. |
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