Receives $10 Million in A Strategic Round of Funding

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Why is Founder Thomas August Gerace smiling? has just received $10 Million in a strategic round of financing

What is
It is a 24 social network and citizen journalism website catering to the grown-ups.

Who Invested?
Hearst, The McGraw-Hill Companies, and Pilot House have invested in

What does this strategic round of funding do for
The fund capital will be used to further’s leadership in the social network and citizen journalism sector. The future plans include forming new partnerships with leading media companies and expanding on an international level.

VCU says:
which allows people to share ideas, exchange anecdotes and connect to other like-minded intelligent individuals. People can share recipes, exchange ideas, and meet other people from different nationalities.

Gather promises to share their advertising revenue with its members based on the quality and popularity of the content they contribute on the website. Hmm, very interesting and unique. However, it remains to be seen how much Gather will be able to generate in terms of revenue from advertisers and how much of this profit will it actually share with its members!

See their site here.

Read more about Thomas August Gerace here.

Read more about Hearst Interactive Media here.

Read more about McGraw-Hill Companies here.

Read more about Pilot House here.

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