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Los Angeles-based DataPop , a new paidsearch ad management firm started by a pair of Overture/Yahoo Search Marketing veterans, has raised $1.7M in a Series A funding round, the company said this morning. The round was led by Rincon Ventures, and also included IA Ventures, Momentum Ventures, Accelerator Ventures, and angels.
So he launched a company with exclusively paidsearch. He said it was better than the Yellow Pages because he would provide pricing transparency. Users would know exactly how much was paid for each click. If it worked in the Yellow Pages, why not on the Internet?
It was the first company to do “paidsearch&# back when Larry & Sergey were saying they would never do it. plus a large settlement on patent disputes paid from Google) so Bill did well on it. The question will be “at what price?&# And for investors, “at what valuation did they get in?&#. $10
So much so that if you read Ken Auletta’s wonderful book “ Googled ” you’ll see that Larry and Sergey had for years stated they would never do paidsearch results. Many of the early winners sold for north of a half a billion dollars.
that out, by pulling together massive amounts of information from multiple sources and intelligently pricing and engaging. Founded by a number of former executives of Overture.com, DataPop is using algorithms to drive automated, paidsearch advertising. Retention Science is figuring. customers based on that data.
PaidSearch – Customers which click on sponsored ads associated with search keywords fall into this category. Google’s market capitalization is in the stratosphere for a reason – keyword search advertising is highly effective. Ideally, such ads should clearly articulate the value proposition including the price.
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