|Terms||Cash and Stock|
Few websites can say that they emerged from 100 emails sent to potential users and word of mouth. Even fewer can say that from those 100 emails came 10 million unique visitors a day. Such is the story of the creation of Piczo.com, a social networking site aimed at young teens. Piczo presents itself as the safer alternative to other social networking sites like Facebook, Myspace, and Friendster. This emphasis on safety is due to heavy involvement by WiredSafety and the Child Exploiation and Online Protection Agency. In 2007, Piczo announced $11 Million in Series C funding, primarily by U.S. Venture Partners and Mangrove Capital. In September 2009 Piczo changed is design to a more girlish design thinking that it would increase it’s users, but it only made things worse, both sex’s rebelled against this change and still to this day Piczo hasn’t regretted changing although many of it’s users are now switching to alternatives such as Weebly and Webs.
(Updated on 1st September 2010 by Mongrels
|Launch Date||June 13, 1987|
|Closed Date||June 13, 1987|
Piczo is an online social networking site for teens that makes it easy to update pages, load pictures and video, and communicate with friends. Teens with no html experience can easily create any number of pages and manage them with ease. While its estimated 12 million monthly unique visitors aren’t much compared to the 1 billion pages served per day by Myspace, Piczo does appear to be making a name for itself. Around 75% of all users are between 13 and 16 years old, and the “safety first” appeal of Piczo certainly applies to that kind of age demographic.