Breaking: Acebucks Raises 1.5 Million
Posted by Nick O'Neill on September 23rd, 2007 9:29 PMAcebucks, one of the primary virtual currencies on Facebook has just raised $1.5 million from a powerhouse team of investors. Aryeh Goldsmith, the developer of Acebucks, was acquired by Michael Lazerow to form Buddy Media. Buddy Media investors include Howard Lindzon, Peter Thiel, Mark Pincus and James Altucher.
The focus of Buddy Media is to expand the AceBucks application and make it the primary virtual currency on Facebook. Acebucks will soon launch an API which enables developers to integrate the virtual currency into their own applications. For example if you are winning points on a poker application, you can convert those points into Acebucks.
Acebucks can be used to purchase both virtual and physical assets through the new Facebucks store which is about to be launched. Acebucks is being modeled after the AMEX rewards system. Buddy Media plans on launching some creative marketing campaigns via the Acebucks application.
The Acebucks application is going to be able to expand into a number of larger applications thanks to their powerhouse investment team and some pretty large partnerships that they are announcing in the coming days. If you want to learn more about Acebucks, go check out the application.
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September 23rd, 2007 at 10:17 pm
[...] [via] [...]
September 23rd, 2007 at 10:43 pm
[...] the maker of a virtual currency for Facebook has raised a $1.5 million round of investment. AceVucks was originally purchased by Michael Lazerow to form [...]
September 23rd, 2007 at 11:22 pm
IMHO, even though the thought of trading virtual currencies seems a bit hokey, the proliferation of casual gaming on Facebook, and the young audience makes virtual currencies compelling.
Please check out Zuckerbucks (http://apps.facebook.com/zuckerbucks/). We’ve been around as long as Acebucks, and have a more complete feature set, including:
* API that any app developer can sign up for.
* Sponsored auctions where you can spend your Zuckerbucks for real-life products.
* Integrated “Profile Plot” virtual real-estate game
* Integrated market place where Zuckerbuckers are trading goods
* Integrated service provider directory
Thanks!
September 23rd, 2007 at 11:23 pm
[...] All Facebook is breaking the story here . I am just going to let Mike execute as he always does, but in a nutshell: [...]
September 24th, 2007 at 12:22 am
IMHO, even though the thought of trading virtual currencies seems a bit hokey, the proliferation of casual gaming on Facebook, and the young audience makes virtual currencies compelling.
Please check out Zuckerbucks (http://apps.facebook.com/zuckerbucks/). We’ve been around as long as Acebucks, and have a more complete feature set, including:
* API that any app developer can sign up for.
* Sponsored auctions where you can spend your Zuckerbucks for real-life products.
* Integrated “Profile Plot” virtual real-estate game
* Integrated market place where Zuckerbuckers are trading goods
* Integrated service provider directory
Thanks!
September 24th, 2007 at 12:50 am
[...] Source: [1] AllFacebook: Breaking: Acebucks Raises 1.5 Million [2] Mashable: Facebook Virtual Currency [...]
September 24th, 2007 at 3:39 pm
[...] Separately, Facebook is also moved toward becoming a full-blown virtual world. Or at least it looks that way when a virtual currency for Facebook, Acebucks, gets introduced. [...]
October 4th, 2007 at 7:57 am
[...] shovels to other miners. Michael Lazerow, CEO of Buddy Media (the company we broke the news about raising $1.5 million for Acebucks), was featured in the article as stating that “the pattern of Facebook applications relying [...]
October 8th, 2007 at 4:57 pm
[...] previously covered another virtual currency on Facebook, that has serious backing to try and become the largest [...]
October 21st, 2007 at 10:11 pm
[...] one month ago I broke the news about Buddy Media raising $1.5 million from a powerhouse team of investors. Just today, Buddy Media closed a follow-on investment round [...]
November 20th, 2007 at 12:55 pm
[...] the application that I previously reported about receiving substantial funding from an A-list team of investors, has just launched a virtual [...]
November 28th, 2007 at 5:20 pm
[...] Media, the owner of the AceBucks application, has just acquired the Crushes application. I haven’t reviewed the crushes [...]