Cites Exceptional Executive Team and Market Opportunity
IRVINE, Calif., August 10, 2009 — Tech Coast Angels (TCA), the nation’s largest angel investment network, today announced it has fast-tracked its investment in Masher Media, Inc., developers of a unique new virtual world for children called www.MyMiniPeeps.com that will give kids ages 6 to 13 an online experience as exciting as a video game but with more social networking, multiplayer, and complete and enriching real-world content. “Even in this difficult economy, Masher Media is a good example of how a great new company with an exceptional market opportunity can get investment money and get it fast,” said Richard Sudek, president of TCA.
According to Luis Villalobos, founder of TCA, “As investors, first and foremost we bet on people, and Sherry Gunther, the founder and creative genius behind Masher Media is one of the most accomplished people in her industry. Moreover, Masher Media has a terrific concept in a fast-growing market. This was an easy investment decision.”
CEO Sherry Gunther has over 20 years experience in the entertainment industry, producing such animated hits as The Simpsons, Rugrats, Family Guy, PowerPuff Girls, and many others. She’s won two Emmy Awards, a Cable Ace Award and many more. She’s also the creator of ZooKazoo.com, a revolutionary social networking website for children, so she and her team bring extensive experience in the online world as well.
The children’s virtual world business reached $1.2B in revenues in 2008 and the user base is expected to grow from 186M in June 2009 to 640M by 2015. The virtual world, www.MyMiniPeeps.com, literally leapfrogs the current children’s online experience, providing a new level of sophisticated, MMORPG, social, fully immersive content, 3D graphics and an interactive world that allows children to role play, become involved in communities, enjoy multiplayer gaming experiences, customize worlds, generate content and generally be empowered for real-world interaction. The site is also secure and parent-authorized.
Sherry Gunther, CEO, Masher Media, stated, “The kid’s online space is at such an exciting stage with the audience becoming more sophisticated and technology allowing us to reach creative goals never possible before. There's a real opportunity for us, the content drivers, and our young users to innovate together to shape a new online experience.”
About Tech Coast Angels
Tech Coast Angels, www.techcoastangels.com, is the largest angel investor group in the United States. Its members provide funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group.
TCA members invest in companies in a wide range of industries, including the life sciences, biotech, IT, services, retail, Internet, financial, software, media, consumer products and tech startups. TCA members give companies more than just capital; they also provide counsel, mentoring and access to an extensive network of potential investors, customers, strategic partners and management talent. TCA has more than 250 members, including its venture capital affiliates, in five networks in Los Angeles, Orange County, San Diego, Westlake/Santa Barbara and the Inland Empire.
More information on investment with Tech Coast Angels can be found at www.techcoastangels.com
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