$15 Million For VideoEgg As They Redefine Their Business

VideoEgg has just closed a $15 million series D round of funding led by Focus Ventures with WPP, Maveron, and August participating. VideoEgg cites plans to accelerate the development of their ad products and international sales network as the reasons behind the investment.

VideoEgg started off as a white-label video host, powering some notable web properties such as AOL sites, Bebo, hi5, Piczo, myYearbook, Dogster, Tagged and others. They then quickly incorporated an ad network. Like many other video startups, they did it through overlay advertisements (Yes, before YouTube). Startups are experimenting with other video ad formats “>as well. VideoEgg has been driving “significant” revenue through their overlay advertising.

Recently they applied that overlay model to Facebook as a new ad network, helping users monetize videos and applications. They reportedly pay a healthy CPM (developers have reported ~$8-10 CPM). Other Facebook ad networks include Lookery, RockYou, SocialMedia, and FB Exchange.

VideoEgg wants to continue developing their ad platform, moving from an impression model to an engagement model, while making ads more social. Although they remain tight lipped on the plans, ad networks on Facebook aim to make ads more engaging by tying virtual rewards to user’s contributions.

ProfileBuilder: Manage Your Profile, Not Accounts

nullWith a plethora of social networks for everyone from knitters to dog lovers, managing our increasing number of long tail profiles is a huge pain. The problem of managing a fragmented identity has been attacked two ways: creating a new master account (OpenID), aggregating identity through search (Spock, Wink), or aggregating management of all your accounts on one site. The latter solution has attracted quite a bit of attention with sites like Profilactic, ProfileLinker, and Loopster.

ProfileBuilder is another startup looking to help solve the identity problem by providing one place to manage your personal information. They gave party goers a sneak peek of their identity management tool at the TC 9 party at August Capital. During the beta preview, approximately 5,000 profiles have been created, and ProfileBuilder has received more than 450,000 page views. Now the site has launched to the public.

ProfileBuilder isn’t just about getting friend status updates or single login access, but more about easily controlling what information shows up on what sites. However, they do have an API that allows anyone to build a program to push updates from your profile to other social networking services. The service creates a master profile where you can catalog your biography, photos, links to other services, blogs, and even create new kinds of information pages. You can expose this information to people across the net through an embeddable badge (like View my Profile). When you place the badge on a site, ProfileBuilder knows and lets you choose what type of information gets exposed through the embed on that site. You can manage all your embeds through their website.

Encouraging people to use the service by embedding profiles across the web is no doubt a first step in toward serving as a total online identity solution. Plaxo has been gunning for this distinction as well, and certainly more companies will want to serve as the focal point for identity on the web.