News and Updates on Quantum Partners and Projects
• Seave Joins Board of Magnify.Net
December 10, 09: Quantum Principal Ava Seave has joined the Board of privately held Magnify.net. Magnify.net's primary product is a video publishing platform that makes it easy for companies and other organizations to integrate user-generated video, video that they produce, or video that they discover into their websites. Magnify.net writes on its site: "We're powered by the passions of your visitors -- finding relevant user-generated videos and giving you the tools to build a vibrant video community. We built Magnify.net because we believe that everyone has a story to tell and we wanted to give you a platform to tell that story with video. We wanted to make it easy for you to get video and easy for you to share video with the people that make your site or blog so great -- your members and visitors."
Seave agrees with the company's assertion that it has an early advantage in driving the integration of video into high-traffic vertical content sites and that the growth of these niched sites (which matches similar segmentation trends in television and magazines) attract advertisers looking to target specific audiences. The company has two major revenue streams -- ad revenue sharing and fees for pro and enterprise platforms. Funding for Magnify.net has come from Angel and Private Funding including Lead David Rose, Rose Tech Ventures, New York Angels, Next Stage Capital.
Ava has known Founder and CEO Steven Rosenbaum since the early '90s, and is delighted to be associated with this company. You can read the full press release here.