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Tuesday
Aug162011

AppGrooves is the 'Hot or Not' Decision Engine for Apps

WHAT: An average of 23K new apps debut each month, along with an additional 44K updates, in order to navigate the best content AppGrooves [ @appgrooves ] allows users to vote the best apps up and down 'Hot or Not' style.
 
LAUNCHERS: Naoki Shibata, co-founder [ LinkedIn ] , Mark Tsuchida, [ LinkedIn ]

GROWTH: 80,000 downloads in past 6 days.  
 
BUSINESS MODEL: Charge 50 cents per feedback, but users can earn 12.5 cents back for their own feedback.
RAISING: $800K,  $510K already committed.