Sunday, November 18, 2007

ChaCha-- the first search engine that uses the brainpower of really smart people to find anything you want on the Internet got $8 million

What Company is offering:
ChaCha , the first search engine that uses the brainpower of really smart people to find anything you want on the Internet.ChaCha offers a standard search engine, but it gives users the option to tap an army of about 15,000 guides to provide free live chat designed to help zero in on information. ChaCha mobile’s human guides will provide a full menu of information, from sports scores to the location of a good Thai restaurant in a particular locale.

How It Works:
One click hooks you up with a live ChaCha Guide. A real person that will ask you questions, understand exactly what you want, and send you results that are dead-on. Computers can't do that. It takes a community of people who are motivated to help you get the answer you seek - no matter what it takes. The brainpower behind ChaCha.

How Is It Different:

Their Guides know the Internet inside and out. They save, rate and update the results of every search and handpick the best sites. So when you request a search, whether it's an Instant Search or a Live Guided Search, you get results that our Guides and lots of other ChaCha-ers have already checked out.



How Much They Got From VCs Funding:

They got $8 million from former Perot Systems CEO Morton Meyerson.
The Carmel, Indiana, company also received a $2 million grant from Indiana’s 21st Century Technology Fund, giving ChaCha $10 million on top of a $6.5 million first round led by Amazon.com CEO Jeff Bezos in 2006.

About VCs:
Mr. Meyerson is the former president of Electronic Data Systems and chairman and chief executive of Perot Systems, both founded by former presidential candidate H. Ross Perot. Mr. Meyerson’s investment firm, 2M Companies, has invested in companies including Cozymel’s Mexican Grill and web radio company AudioNet, which staged an initial public offering as Broadcast.com and later was acquired by Yahoo.
More at:http://www.chacha.com/

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