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IMVU Lands Yahoo! Social Networking Expert to Lead Product Management.

IMVU Also Wins 2008 Virtual Worlds Innovation Award

PALO ALTO Palo Alto, city, California
Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries.
, Calif. -- IMVU Inc. (, an online destination where adults and teens meet new people in 3D, today announced Lee Clancy has joined the company as Vice President of Product Management. Reporting directly to 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.  Cary Rosenzweig, Clancy will be responsible for leading product strategy and managing direct revenue. Over the last four years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 IMVU community has grown around the use of online three dimensional characters, called avatars, to meet new people from around the world.

"IMVU has successfully registered over 20 million users, and Lee's wealth of experience with social networking See social networking site.

social networking - social network
 will help us make it even easier for our members to meet one another in 3D," said Cary Rosenzweig, CEO of IMVU Inc. "With his leadership skills and innovative product vision, he's a terrific addition to our team."

Lee Clancy joins IMVU from Yahoo!, where he was Senior Director for Community Products. At Yahoo!, he led product management for Yahoo! Groups Yahoo! Groups is a service from Yahoo! that provides electronic mailing lists. Over the years, Yahoo! bought several other mailing list providers, including the popular eGroups, and combined them with Yahoo! Clubs into one system. Its main competitor is Google Groups. , a global community of 110 million users, and Yahoo! Personals Yahoo! Personals is an online dating service provided by Yahoo!. Features
Yahoo! Personals editions are designed in local languages. Contacting a member through Yahoo! Personals requires a paid subscription to Yahoo! Personals.
, the most visited destination in the dating market. Prior to Yahoo!, Clancy co-founded a music-focused social networking startup. He also worked at Broadband Office in business development and at PricewaterhouseCoopers in strategy consulting advising entertainment and media clients. Clancy earned a B.A. in Spanish Literature Spanish literature, the literature of Spain. Iberian Literature before Spanish

Literature flourished on the Iberian Peninsula long before the evolution of the modern Spanish language.
 from Amherst College Amherst College, at Amherst, Mass.; founded 1821 as a college for men, coeducational since 1975. A liberal arts institution, Amherst maintains a cooperative program with Smith College, Mount Holyoke College, Hampshire College, and the Univ. of Massachusetts. , an M.B.A. from Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. , and an M.A. in International Relations from The Fletcher School of Law & Diplomacy at Tufts University.

"We were very impressed with Lee's history of being able to impact the bottom line significantly and quickly," said Spencer Tall, managing director of Allegis Capital. "IMVU is sure to benefit from his expertise in business strategy and online communities."

Separately, IMVU wins the 2008 Virtual Worlds Innovation Award. IMVU received the award at the Virtual Worlds Conference and Expo, held in Los Angeles in early September. IMVU wins in the category of "Innovation in Virtual Worlds for Consumers (Adults)." This is the first year for the Virtual Worlds Innovation Awards. "We are hugely honored by the Virtual Worlds award," said Cary Rosenzweig. "This award is a reflection of the amazingly creative IMVU community of developers who add 4,000 new digital items each day to the IMVU catalog, the world's largest."

About IMVU

Founded in 2004, IMVU Inc. ( is an online destination where adults and teens meet new people in 3D and winner of the Virtual Worlds Innovation Award for 2008. Still in public beta, the company has already reached major milestones, including 20 million registered users, 100,000 registered developers and $1 million in revenue each month. Members of IMVU have fun meeting new people with similar interests and expressing themselves through personalizing their 3D avatars, digital rooms and home pages. IMVU offers the world's largest digital goods catalog with over 1.8 million items. Over 90 percent of IMVU's revenue is from the direct sale of virtual credits, used to purchase digital products. IMVU is backed by top venture investors Menlo Ventures, Allegis Capital and Bridgescale Partners and is located in Palo Alto, CA.
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Publication:Business Wire
Date:Sep 9, 2008
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