Capazoo
Encyclopedia
Capazoo was a social network and entertainment web site which allowed its members to add friends, write blog
s, share music, photos, and videos. Capazoo was co-founded by two brothers, Michel Verville and Luc Verville in Montreal
Quebec
and was launched for the first time in November 2006. Capazoo shut down for a period of time in the middle of 2007. Four months after Capazoo relaunched in October 2007 the co-founders sued each other in court due to the alleged corruption that was in the company.
Members of Capazoo were able to search for other members and add them as friends. Friends could send messages to each other via an internal messaging system. Capazoo also provided blogging, photo, video, and music upload services.
One of Capazoo's unique features was the creation of its own online currency
called Zoops. Members are able to give other members Zoops for their videos, photos, music, blogs and profiles. Each Zoop was worth $0.01 U.S. Capazoo provided their subscribed members with a debit card enabling them to turn their accumulated Zoops into usable currency. Capazoo also had a referral program that let members earn Zoops by referring new members to the site.
On March 13, 2008 at 9 am EST, Capazoo Executives had a meeting where it was decided that they would lay off their entire staff because of unresolved legal issues with the co-founders.
Ultimately, the company has become bankrupt and ceased all operations.
joined in a partnership with Capazoo. National Lampoon acquired an equity stake in Capazoo. All of National Lampoons internet content will be available on Capazoo. As well, Capazoo agreed to sponsor a series of live stand-up comedy acts.
Capazoo had a partnership in place with ComedyNet to add exclusive content to Capazoo.
Iovation was contracted to handle fraud management and security services.
Capazoo also entered into a $5 million, three-year agreement with Savvis for web hosting services, but received criticism about making such a move.
Blog
A blog is a type of website or part of a website supposed to be updated with new content from time to time. Blogs are usually maintained by an individual with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in...
s, share music, photos, and videos. Capazoo was co-founded by two brothers, Michel Verville and Luc Verville in Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
and was launched for the first time in November 2006. Capazoo shut down for a period of time in the middle of 2007. Four months after Capazoo relaunched in October 2007 the co-founders sued each other in court due to the alleged corruption that was in the company.
Site features
Capazoo had a multi-lingual user interface which gave visitors and members the choice between English and French.Members of Capazoo were able to search for other members and add them as friends. Friends could send messages to each other via an internal messaging system. Capazoo also provided blogging, photo, video, and music upload services.
One of Capazoo's unique features was the creation of its own online currency
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
called Zoops. Members are able to give other members Zoops for their videos, photos, music, blogs and profiles. Each Zoop was worth $0.01 U.S. Capazoo provided their subscribed members with a debit card enabling them to turn their accumulated Zoops into usable currency. Capazoo also had a referral program that let members earn Zoops by referring new members to the site.
On March 13, 2008 at 9 am EST, Capazoo Executives had a meeting where it was decided that they would lay off their entire staff because of unresolved legal issues with the co-founders.
Ultimately, the company has become bankrupt and ceased all operations.
Partnerships
On December 18, 2007 National Lampoon IncNational Lampoon Inc
National Lampoon, Incorporated is a company formed in 2002 in order to use the brand name "National Lampoon" in comedy and entertainment. In the words of its prospectus, the role of the company is to "develop, produce, provide creative services and distribute National Lampoon branded comedic...
joined in a partnership with Capazoo. National Lampoon acquired an equity stake in Capazoo. All of National Lampoons internet content will be available on Capazoo. As well, Capazoo agreed to sponsor a series of live stand-up comedy acts.
Capazoo had a partnership in place with ComedyNet to add exclusive content to Capazoo.
Iovation was contracted to handle fraud management and security services.
Capazoo also entered into a $5 million, three-year agreement with Savvis for web hosting services, but received criticism about making such a move.