Deal Radar 2008: hi5 Going Strong

Sunday, January 20, 2008 | 4 comments

Last week we took a look at Xanga and today we will take a look at hi5, another popular social networking site.

hi5 has an Alexa traffic rank of 8. hi5 is more popular globally than it is in the US. It is the number one site in Peru, Dominic Republic, Costa Rica, Ecuador, Portugal, Honduras, etc. It is among the top 10 sites in many countries, and is especially popular in Latin America. More than 75 million people have registered accounts with hi5, and the site draws over 25 million unique users per month. hi5 has 2.9 million monthly unique visitors in the US.

hi5 secured $20 million in venture capital funding from Mohr Davidow Ventures in July 2007.

The site earns revenues from advertisements and claims to profitable.

hi5 is a good acquisition target for internet/media companies like Yahoo, Comcast, Time Warner, IACI, who have missed out on MySpace and see Facebook as highly over-valued.

hi5 could itself look at acquiring some other social networks like Xanga, Bebo and Friendster or some photo/video or music sharing services to expand its gamut of brands and attract new users/offerings.

hi5 has opened up its site to outside developers. The Company plans to focus on global growth and expand its services in more languages and markets.

This segment is part 12 in a running series Bill Me Later - Blessed by Amazon →
Jump to part: MyStrands is MyChoice, Kayak Consolidates Travel, Trulia Can Consolidate Real Estate, Girls Like Stardoll, LinkedIn Should Roll-Up Jobs, Zillow, TheFind, Wize Ranks Products, Retrevo, Piczo Picture Perfect, Xanga Losing Steam?, hi5 Going Strong, Bill Me Later - Blessed by Amazon, Takkle Tackling Socially, Amie Street and the Twenty First Century Renaissance, eHarmony Replacing Yenta, Zappos Wants to be Amazon When it Grows Up, Figleaves and Specialty e-Tail, Twitter Gaining Momentum, Tagged In Exit Freeze Danger Zone?, Digg - Packaging news, Facebook Woes Coming?, PlayFirst Plays Casual Games Well, Kosmix+Adify - Potential Google Challenger, Travel Ad Network Executing Flawlessly, Adap.tv Trying to Tackle the Video Ad Problem, Groople, Interesting Use of Context , Lucidera, InsideView's Clever Maneuvering, Seeking Alpha , Adify's Market Taking Time to Develop, Glam Media's Fashion Forays, Federated Media Needs to Focus, GigaOM, TechCrunch, Yelp, Slide, Elance, oDesk, SKS Microfinance, TutorVista, Seventymm, Cleartrip, Yatra, MakeMyTrip, Intacct, Genius, Xactly, Jigsaw, Comcast Buys Plaxo, Encover, PayCycle, Bill.com, Daptiv, Inform, PayScale, Joost, VideoEgg, Mercado, AKQA, YuMe, BitTorrent, Geni, Blurb, Motionbox, Veoh, Mimosa Systems, Metaweb, Brightcove, Revver, Cake Financial

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