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Crowdsourced Commerical Creation’s Tongal Raises $15M

January 14, 2013

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LA-based Tongal has raised $15M led by Insight Venture Partners. The company crowd-sources video commercial development. The idea is to wrest development away from slow moving and expensive agencies and allow brands to pay less. People who make the videos (aka Tongalers) can earn $1K to $25K and they claim some have lifetime earnings greater than $100K.

We like the idea, particularly as we are fans of video ads representing an improvement over banner ads on the internet

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