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ShareGrove, Inc.

ShareGrove

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In The News

Conference: DEMOfall 09
Market Segment: Consumer Software and Services
Funding Amount: $100,001-$500,000
Funding Round: Seed
Funding Details: Seed funding has come from Elm Street Ventures.
Competitors: Google Wave (based on its prerelease demos), Zenbe ShareFlow (with limited market overlap), Xoopit (recently acquired by Yahoo).
Product Description: ShareGrove hosts private online conversations that are rich and dynamic -- letting users focus on friends and topics that matter. ShareGrove makes it easy to select friends from Facebook (and other sources), and to engage them in real time, or over time, through a single Web interface. Integrated Web search (from Google, Amazon and Yelp), along with inline presentation of media, add richness and expression to ShareGrove conversations, while also generating revenues through affiliate programs.
Market Opportunity: ShareGrove receives affiliate commissions on transactions linked to conversations it hosts. Razorfish reports that "close friends and family" heavily influence 78% of brand awareness and purchase decisions -- 20% above the next-highest factor. Jupiter projects U.S. affiliate program spending at $3.3 billion in 2012.
DEMO Says: Nimble in approach but powerful in results, ShareGrove anticipates the vision of Google Wave while executing it in a more refined manner. Users can harness the power of social integration through Facebook with the seamless integration of Web content through built-in search functions of Google, Amazon, and Yelp. No one doubts an inevitable aggregation and streamlining of Web-based communication. ShareGrove promises to be an agile player in that space.

Contact: Kent Libbey; kent@sharegrove.com
Company Address: 4 W. 4th Ave., Suite 402
San Mateo, CA 94402
Primary Phone: 650-331-7251
URL: www.sharegrove.com
Officer One: Kent Libbey - CEO & Co-founder
Officer Two: Adam Wolff
Officer Three: Rob Bettigole - Director