Apple | Mobile |
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Business Dev & Design Entertainment | Social Media Tech Web Video |
Apple | Mobile |
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Business Dev & Design Entertainment | Social Media Tech Web Video |
Provides currency monetization solutions for social media.
Year Established: | 9/09 |
Funding: | 12.5 |
Address: | San Francisco, CA 94105 |
Telephone: | |
Mobile: | |
Fax: | |
Mail: | info@gWallet.com |
Company URL: | http://www.gwallet.com |
We are looking for high-energy talented professionals who love working with emerging technology in the social networking software development and web application development space.
You can apply directly for immediate consideration. If you meet our requirements our recruiter will reach out to you to further discuss you resume and qualifications. Apply today! Good luck and thanks for considering gWallet a potential employer of choice.
The Facebook ecosystem alone is expected to generate a half a billion dollars in revenue in 2009.
© Copyright 2010 gWallet Inc. All Rights Reserved
Media Contact:
Lisa Gonzales
SutherlandGold Group for gWallet
lisa@sutherlandgold.com  Â
(415) 848-7169
GWALLETS NEW "BRAND BAR" BRINGS VIRTUAL OFFERS AND CURRENCY TO FRONT PAGE OF SOCIAL GAMING
Ground Breaking New Tool Puts Offers and Brands Front and Center In Social Gaming Environments
SAN FRANCISCO CA - February 25 2010 - gWallet a leader in social media monetization today announced the introduction of its latest virtual currency innovation the gWallet âBrand Bar.â The new more enticing format for social gaming offers appears at the top of the game screen on all pages and displays available offers and videos that users can partake in to earn virtual currency which they can then spend in the game. By eliminating unnecessary steps users typically take to find an appealing offer the âBrand Barâ enables publishers to monetize a larger portion of their user base and creates an experience that benefits publishers brands and consumers alike.
For social game developers the new "Brand Bar" gives virtual currency payment options - both direct and indirect - more exposure than ever before. All users can quickly and more easily access the means to obtain virtual currency directly from the gaming environment. In todays social gaming landscape typically only two to four percent of users choose to pause and leave the game in order to access offers and branded engagements that they can complete to earn virtual currency. Now with the gWallet "Brand Bar" every user is exposed to the offers and game publishers can monetize up to one hundred percent of users including gamers who may never have otherwise seen the offers available.
Leading brands that choose to advertise through social gaming channels are also benefiting from gWallets new "Brand Bar" by having a chance to display their logos ads offers or videos directly in the gaming screen of some of the most popular online games in the world. Along with achieving scale and exposure brands obtain unprecedented user engagement and activity by placing themselves in a consumer friendly environment that is actually part of the users in-game experience.
"While virtual currency is clearly a thriving industry we still think there are ways that the process can be improved said Gurbaksh Chahal CEO and founder of gWallet. "Rather than force users to seek out offers and hunt and peck for the right one we are bringing the offers to them. This not only streamlines the process for consumers but also improves ad performance and publisher monetization leaving a positive end result for everyone involved."
The "Brand Bar" is live on more than a dozen online games including those developed by Clipwire Games Zen Gaming Inc. Poolhouse FooMojo Bubblefish Mobscience and Chat Republic Games.
"Since we implemented the gWallet Brand Bar we have seen increased user participation and more than double the daily revenue" said Roy Pereira Manager at Poolhouse Enterprises producer of Facebooks popular pet applications Dogbook and Catbook. "We are thrilled with the results we are seeing and plan to roll out the brand bar to all of our applications."
To see the Brand Bar in action go to www.gwallet.com/brandbar/. For more information on gWallet please visit http://www.gwallet.com.
About gWallet
gWallet is taking on the responsibility of bringing new technologies to social media that will provide transparency and standards that will allow the category to flourish and grow. It provides brands publishers and social media platforms with new cutting edge technology to monetize this growth in a consumer friendly format. The gWallet monetization platform contains three components including Alternative Online Payment Virtual Currency and Aggregation of Virtual Products. The platform is a comprehensive system that has been optimized for Facebook OpenSocial platforms (MySpace Hi5 Tagged etc) virtual worlds or websites utilizing virtual offer-based currency. For more information visit www.gWallet.com.
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Adams Street Partners LLC,Trinity Ventures,Undisclosed Firm
Gurbaksh Chahal Founder and CEO
Gurbaksh is a die-hard internet entrepreneur. In January 1999, he started his first company, ClickAgents at the age of 16. It was one of the first ad networks focused around performance based advertising. Eighteen months later he sold it for $40 million to ValueClick
In January 2004, he launched his second company, BlueLithium. The company was focused on data, optimization, and analytics and became a pioneer of behavioral targeting. BlueLithium was named one of the top 100 private companies in America three years in a row by AlwaysOn, and in 2006, it received highest honor as Top Innovator of the Year. (Previous winners included Google, Skype, and Salesforce.com.) On September 4th, 2007, Yahoo! announced that it was acquiring BlueLithium for $300 million in cash.
He has appeared on The Oprah Winfrey Show, Bonnie Hunt, EXTRA, Neil Cavuto, among others, and has been profiled in such publications as The New York Times, Entrepreneur magazine, and The San Francisco Chronicle.
Chahal is also an international best selling author of "The Dream," the true to life inspirational tale of his entrepreneurial journey. In September 2009, Chahal launched, gWallet, a virtual currency platform for social media.
Mike Werner Senior Vice President, Sales
Mike is responsible for gWallet's sales and messaging to agencies and brand advertisers and will be an integral part in the company's next phase of growth - the introduction of creative solutions that enable advertising agencies to effectively promote their brands in this new advertising medium. In addition, he is charged with growing the company's sales force throughout the United States and equipping it with the tools necessary to meet the company's aggressive growth plans.
Prior to joining gWallet, Mike served as VP of Sales and co-founder of BlueLithium, an industry pioneer in Behavioral Targeting. Mike built the BlueLithium sales team and was responsible for bringing in several large advertisers to help launch the company. Prior to BlueLithium, Mike served as the Director of Sales at ClickAgents, where he had success building a sales team and bringing brand advertisers to the ad network fold for the first time. Mike brings over 10 years of online advertising industry experience to gWallet. He has handled strategic accounts, launched new products with advertisers, and built sales teams from the ground up. In the process, he has proven himself to be an accomplished manager, skilled in executing integrated sales programs. Mike holds a BS degree in Political Science from University of California, Berkeley.
Alex Gove Vice President, Corporate Development
Alex comes to gWallet from Walden Venture Capital, which he joined in October, 1999. At Walden, he sourced numerous investments in Digital Media and other sectors and represented Walden as both a Board Member and Observer. Before Walden, Alex was a Senior Editor and Senior Columnist at Red Herring magazine, a monthly publication focusing on the business of technology. From April, 1995, until his departure, he was responsible for the magazine's venture capital and Digital Media coverage and wrote numerous features and cover stories about leading companies and players in Silicon Valley. Alex began his career in entertainment production and investment banking. Alex graduated magna cum laude from Harvard College.
Eugene Kislyi Vice President of Engineering
Eugene is responsible for research and development to establish gWallet as a technology leader in the social media advertising marketplace.Eugene co-founded AdRevolver, one of the first ad servers engineered to take advantage of today's rich media ads and high bandwidth consumer environment. He led the company into a strategic partnership with BlueLithium in 2004, where he oversaw research and development activities as well as operations and support. In October 2007 Eugene joined Yahoo! Inc through its acquisition of BlueLithium. At Yahoo, he managed development of TAO, a next-generation analytics and optimization engine.Eugene holds a MS degree in computer science from Belorussian State University.
Rebecca Watson Vice President of Business Development
With nine years of experience leveraging trends and resources in the interactive media industry, Rebecca Watson is passionate about people, partners and new platforms. Previously, Rebecca was the director of business development at Real Girls Media where she helped launch the company's owned and operated site DivineCaroline.com and led all syndication, licensing, content sourcing and partnership development. Additionally, she founded the Real Girls Network, a premium advertising network connecting women's blogs and communities with Fortune 500 brands. Rebecca serves on the Social Media Advertising Consortium's Best Practices Committee and regularly speaks at conferences including CES, Ad-Tech, We Media, BlogWorldExpo, and Digital Hollywood. She's written over 85 articles for iMediaConnection and is a regular columnist on Vator.tv. Prior to Real Girls Media, Rebecca was director of content for iMedia Communications and, before that, an investment banking analyst.