Creator of Adwords, PayPal Starts Adult Social Network
Quote:
Zivity, a social network that aims to occupy the intersection of Playboy, MySpace and American Idol, has raised a $1 million first round financing from private investors.
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The site was co-founded by Scott Banister, who previously started IronPort Systems, an anti-spam company acquired earlier this year by Cisco for $830 million. The company also says that Banister helped create the bid-for-placement model used today by Google Adwords and co-inventor of the e-mail payment system used on eBay.
pr release
TechCrunch article
It's interesting that Silicon Valley have finally decided to get into adult and be really visible!
