Status
Acquired by Microsoft on October 3, 2007
Funding Received
$5 Million in 1 Round from 2 Investors
Founded:
December 1, 2005
Headquarters:
Middleton, WI
Description:
jellyfish is an online social shopping site that shares at least 50% of the referral fee or commission with the buyer.
Founders:
Mark Mcguire, Brian Wiegand
Categories:
Social Media
Website:
http://www.jellyfish.com

Detailed Description

Update

Social shopping site jellyfish offers a radically new approach to shopping.

On the surface, jellyfish appears to be a product search engine that returns lists of rebated items from sellers, ranked according to price, showing buyers the full price of items including the rebate provided by the seller

But it is jellyfish's business model that sets them apart from all the other fish in the sea (sorry for the pun): jellyfish's model is very similar to affiliate ads - a referral fee is paid whenever an item is sold through the site. However, in this case the payment doesn't go to a webmaster for referring the sale - it goes straight to the consumer. In fact, Jellyfish shares at least 50% of the commission with the buyer.

In addition, advertisers are ranked by how much they'll pay the customer for buying their product; these discounts can be as high as 24%.

There are various online (social) shopping networks; some include: Kaboodle, Zlio, MyPickList, Wists, and Ideeli.

Past Team (2)

Update

Funding Rounds (1) - $5M

Update

Products (1)

Update
  • Cb default image

    jellyfish

    jellyfish was added to CrunchBase in 2008

Investors (2)

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  • Cb default image

    Clyde Street Investments

    Clyde Street Investments is a financial organization. Nothing is publicly known about the...
  • Cbe06f378f291818e738d362025a24aa

    Kegonsa Capital Partners

    The Kegonsa Seed Fund—Wisconsin's premier seed venture investment fund—was named one of...

Offices/Locations (1)

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  • Office

    1600 Aspen Commons, Suite 950

    Middleton, WI 53562

    USA

Competitors (2)

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  • 74c8c02aa6d157a23e0b5b67a491a755

    Teet

    Web-based Games, Prizes, Contests
  • 14bfe48d753da73a5c0981a74553fb13

    Woot

    Woot.com is an online store and community that focuses on selling discounted products.