VideoEgg

[ 2007.05.02 | Press Release ]

Award Recognizes the 100 “Most Promising” Companies Driving the Future of Technology

SAN FRANCISCO, May 2, 2007 – Red Herring today announced that VideoEgg, Inc., the leading online video solution and video ad network for online communities, is a recipient of Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America.

VideoEgg’s technology allows users of social networks and online communities to quickly and easily post video content from virtually any device. Focused on combining video advertisements and online video to enhance rather than disrupt the viewing experience, VideoEgg’s ad network, the Eggnetwork, distributes advertising to millions of video viewers within leading online communities including Bebo, Piczo, hi5, myYearbook, Tagged, Black Planet, Military.com and Ringo. The Eggnetwork’s innovative and flexible advertising platform allows marketers to integrate any type of rich media content into the video viewing experience.

"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity," said Joel Dreyfuss, editor-in-chief of Red Herring. "With venture capital flowing again, it’s exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."

Red Herring’s annual lists of top private companies are an important part of the company’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

“We are honored to be named one of Red Herring’s top 100 companies in recognition of our work to redefine media consumption – especially with young consumers or ‘millenials’ – by focusing on online communities and offering new approaches to online advertising,” said Matt Sanchez, co-founder and CEO of VideoEgg, Inc. “Our Eggnetwork continues to grow and now consists of more than 70 online communities with more than 15 million monthly uniques and as many as 20 million video streams each day.”

Red Herring’s editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

To honor the CEOs of Red Herring 100 Spring companies, Red Herring has invited each one to present his or her company at its Red Herring Spring 2007 event, May1-3, at the Hyatt Regency in Monterey. As the venue for the unveiling of the Top 100 private companies in North America, Red Herring Spring draws unparalleled attention from decision makers and industry observers across the continent. This year marks the 10th anniversary of the Red Herring 100 Awards. To celebrate this occasion, Red Herring 100 winners will share their successes and insights on how to make it to the top.

About VideoEgg, Inc.
VideoEgg is the leading video solution for online communities, supported by the largest video ad network – The Eggnetwork. The network is currently comprised of more than 70 online communities including five of the top 20 social networks in the world such as AOL, Bebo, hi5, myYearbook.com and Tagged. The Eggnetwork provides Web publishers with a means of monetizing content while offering advertisers reach into a coveted audience. Through a unique advertising model, ads are targeted, interactive and unobtrusive for viewers. VideoEgg was founded in 2005 by Yale classmates David Lerman, Matt Sanchez and Kevin Sladek. Based in San Francisco, the company is funded by August Capital, First Round Capital and Maveron. For more information, visit www.videoegg.com or www.theeggnetwork.com.

About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

Media Contact
Karen Hopp
Connors Communications
212-798-1443
khopp@connors.com