ReadWrite Labs

ReadWrite (formerly ReadWriteWeb) is a blog that provides analysis of web products and trends. One of the world's top 20 blogs, ReadWrite speaks to an intelligent audience of web enthusiasts, early adopters and innovators. ReadWrite was founded on April 20, 2003 by Richard MacManus and is now one of the most widely read and respected blogs in the world. It is written by a team of Web enthusiasts.

Originally known as ViewMarket, CultureMap is a local digital lifestyle brand leveraging various technologies to engage with more than 2.5 million users each month. Co-founded by experienced entrepreneurs Alexander Muse and Robert Bennett, the company has raised approximately $1M in seed capital from prominent investors including 500 Startups and Silicon Valley Growth Syndicate (the last valuation was $7.5M pre-money). Over the past two years the company has developed various web, mobile, video and iBeacon technology platforms to scale a digital lifestyle brand. To that end the company acquired two existing brands including CultureMap and RSVP for stock. By integrating our technology the company is now generating approximately $360K per month in revenue and operating on a breakeven basis. Presently the company has rolled out in Houston, Dallas and Austin (adding San Antonio and Fort Worth in Q4). Our footprint includes a local digital media presence as well as a targeted iBeacon deployment in retail through each market. The company has begun raising a $5M Series A to expand its digital and iBeacon footprint into New York, Los Angeles, Chicago, San Francisco and Atlanta. Based on current projections the company expects to generate approximately $100M in annual revenue within 36 months following the expansion.