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Gigex/GameDaily – Profile

October 4, 2004

HQ: New York and SF
Founded: 1995
Management: CEO/Founder is Mark Friedler, who is making a big jump as he has no previous experience running a company – prior to this he was Director of Marketing at Reach Networks, where he peddled extranet services.
Investors: $5M series A round in July 2000, led by TechFund Capital and Chase Capital Partners, with Citizens Ventures participating. Subsequent financing unclear.
Business Model: The company’s DNA is in Internet file delivery: specialty is delivery of large software apps and files directly to the PC desktop. Original company, Gigex, was an early leader in file delivery – GameDaily now claims 1M downloads per month. Editorial components like news and reviews have recently been added to broaden the reach of the service, probably in an attempt to complete the Holy Trinity of Internet companies: Content, Commerce, and Community. Amen.
Competitors: IGN, GameSpot (CNET), Yahoo! Games.
Dirt: Was originally called V-Cast, then became Gigex, and is now GameDaily, though Gigex remains the parent company name. These guys have been around the block – but the shift to a more complete gaming site (as opposed to just a download infrastructure site) may be the right one. CNET’s Gamespot succeeded despite CNET’s best efforts to screw it up.

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