The Deal
 Friday
 May, 16

 11:29 pm
Tech Confidential
Search Tech Confidential
The Deal Blogs Home  |   The Seed Stage  |   VC Ratings  |   Money Out  |   Behind The Money  |   The Note  |   Calendar  |   VCDeal Database

[Posted on May 5, 2008 - 3:42 PM]
someecards_thinner.jpg
When is it time to quit your day job? If you're Someecards Inc. co-founders Duncan Mitchell and Brook Lundy (pictured, left and right), the answer is when your Web site starts drawing 1.5 million unique visitors a month.

Last month, the pair raised a modest but significant Series A, propelling them to leave behind their careers as online ad creative directors. Now they're looking for a first-class Web developer to help them make the rest of their dreams come true and transform their clever e-card site into a full-fledged Internet business.

Someecards, launched about a year ago when Lundy worked at Avenue A/Razorfish and Mitchell at MRM Worldwide, has quickly found a following among Facebook regulars, who use the off-beat e-cards as a medium for flirting, bantering, debating and apologizing.

In addition to users, the Manhattan startup has attracted influential Internet investors. Betaworks, the innovative New York Web 2.0 incubator recently profiled by Tech Confidential, is leading the $350,000 round.

Also participating is Chris Sacca, Google Inc.'s former wireless chief. Sacca met Lundy and Mitchell through mutual friend Nancy King, an ad exec who is currently a senior brand strategist at Naked Communications in New York and an investor in Someecards.

Mark Bailey, the founding partner of "hyper-local" site Outside.in, which is backed by Betaworks, is also an investor. It was Bailey who introduced Lundy and Mitchell to Betaworks founders John Borthwick and Andrew Weissman. Another backer of Outside.in, Hollywood producer Andrew Karsch ("The Prince of Tides"), is also supporting Someecards.

Someecards is clearly still in its infancy. The next step is "to hire a tech lead who can take the site to the next level," Lundy tells Tech Confidential.

"We've got a 12-page development list of things we've been wanting to do for seven or eight months," says Lundy. "It's been frustrating the hell out of us."

Lundy expects the initial funding to make a big dent in the to-do list. High on the priority list are integration with Facebook and the development of tools that will "maintain the voice of the brand but also allow users to create their own Someecards."

Additional funding is also likely. "We may be raising more relatively soon," says Lundy. "It depends on how quickly we can get momentum going in advertising and merchandising. It's possible we would do another round in six to eight months."

Betaworks is betting that Someecards will evolve into something far more innovative that its current incarnation.

"Brook and Duncan will make content more dynamic and more distributable," says Weissman. "They'll break it apart a bit and build community around that content."

Describing Lundy and Mitchell as the "funniest guys I've ever met," Weissman says, "They are twisted -- in a good way, in a product way. They're going to come up with twisted ways of doing what they're doing." (Photo by Lee Miller Design.) - Mary Kathleen Flynn

For more on Someecards, see April 10 post from Tech Confidential
For more on Betaworks, see May 2 profile from Tech Confidential
For more on John Borthwick, see his blog
For more on Andrew Weissman, see his blog and his tumblelog
For more on Chris Sacca, see Jan. 29 post from Tech Confidential



Post a comment




The Tech Confidential Network
The Tech Confidential Network unites the leading voices from around the Internet on the topics of high-tech startups, venture capital and investment exits. Bloggers and publishers that want to expand their readership and monetize their content are encouraged to apply to join the Tech Confidential Network.


Video

Behind the Money, Episode 30: Electronic Arts bid for Take-Two

mattnmary_r1_c1.gif
In this episode of Behind the Money, we speak with Matthew Wurtzel, editor of Dealscape about the expiration of Electronic Arts bid for Take-Two Interactive on May 16, 2008.
 


Windward Ho!

Startups In New York




Syndicate


Recent Entries
Categories
Monthly Archives

|  SITEMAP  |   ABOUT US  |  CONTACT US  |  ADVERTISE  |  PRIVACY POLICY  |  TERMS AND CONDITIONS  |

©Copyright 2007, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.