Swipely
Encyclopedia
Swipely is an online service and social network
where members can share purchases with friends. Users post and recommend purchases, see where their friends are spending and what their friends are buying. The site allows members to choose which transactions to share and which to keep private and by default does not disclose the monetary information associated with purchases.
which was acquired by Microsoft
in 2007. Davis sits on Swipely's board of directors along with Danny Rimer and Josh Kopelman
; Reid Hoffman
is a board observer. Swipely's team includes veterans of Tellme Networks
, Microsoft
, Netscape
, Paypal
, Google
and LinkedIn
.
Swipely officially launched on May 11, 2010 as an invite-only service. On May 11, 2010 Swipely announced $7.5 million in Series A funding led by Index Ventures
, with First Round Capital
and Greylock Partners participating. Other investors include Lowercase Capital led by Chris Sacca
and angel investor Ron Conway
, among others.
Social network
A social network is a social structure made up of individuals called "nodes", which are tied by one or more specific types of interdependency, such as friendship, kinship, common interest, financial exchange, dislike, sexual relationships, or relationships of beliefs, knowledge or prestige.Social...
where members can share purchases with friends. Users post and recommend purchases, see where their friends are spending and what their friends are buying. The site allows members to choose which transactions to share and which to keep private and by default does not disclose the monetary information associated with purchases.
History
Swipely was founded in 2009 by Angus Davis who previously co-founded Tellme NetworksTellme Networks
Tellme. Networks, Inc. is a company founded in 1999 by Mike McCue and Angus Davis, based out of Mountain View, California, in the United States, that specializes in telephone-based applications....
which was acquired by Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
in 2007. Davis sits on Swipely's board of directors along with Danny Rimer and Josh Kopelman
Josh Kopelman
Joshua Kopelman is an American entrepreneur, venture capitalist, and philanthropist.Kopelman is best known as the founder of Half.com, a fixed price marketplace connecting buyers and sellers of used books, movies and music products. In 2000, Kopelman sold Half.com to EBay for US $350...
; Reid Hoffman
Reid Hoffman
Reid G. Hoffman is an American entrepreneur and venture capitalist. Hoffman is best known as the co-founder of LinkedIn, a social network used primarily for business connections and job searching.-Early education and career:...
is a board observer. Swipely's team includes veterans of Tellme Networks
Tellme Networks
Tellme. Networks, Inc. is a company founded in 1999 by Mike McCue and Angus Davis, based out of Mountain View, California, in the United States, that specializes in telephone-based applications....
, Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
, Netscape
Netscape
Netscape Communications is a US computer services company, best known for Netscape Navigator, its web browser. When it was an independent company, its headquarters were in Mountain View, California...
, Paypal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
Google
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
and LinkedIn
LinkedIn
LinkedIn is a business-related social networking site. Founded in December 2002 and launched in May 2003, it is mainly used for professional networking. , LinkedIn reports more than 120 million registered users in more than 200 countries and territories. The site is available in English, French,...
.
Swipely officially launched on May 11, 2010 as an invite-only service. On May 11, 2010 Swipely announced $7.5 million in Series A funding led by Index Ventures
Index Ventures
Index Ventures is a venture capital investment firm based in Geneva, Switzerland, with offices in London, Jersey, and starting in 2011, Silcon Valley. The firm was founded in 1996 by Neil Rimer and Giuseppe Zocco. Since its inception, the firm has raised four main venture funds and a growth...
, with First Round Capital
First Round Capital
First Round Capital is a venture capital firm that specializes in providing seed-stage funding to technology companies. Managed by Josh Kopelman, Chris Fralic, Rob Hayes and Howard L. Morgan, the Philadelphia-based company typically provides seed-stage investment that ranges from $250,000 to $500,000...
and Greylock Partners participating. Other investors include Lowercase Capital led by Chris Sacca
Chris Sacca
Christopher Sacca is a venture investor, public speaker, private equity adviser, and former employee of Google Inc. He is an investor in Twitter.-Education:...
and angel investor Ron Conway
Ron Conway
Ron Conway is an American angel investor, often described as one of the "super angels". Conway is recognized as a strong networker and is based in Silicon Valley.-Early career:...
, among others.