About: Slide.com   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

Slide was begun as a project in 2004 and formed in 2005 by PayPal co-founder Max Levchin, who personally invested $1 million in the new company. Slide was one of the companies invited to participate in F8, the event at which Facebook announced an open platform allowing third parties to develop and operate their own software applications on the Facebook website. Many Slide applications were blocked in Turkey in March 2008 after a local court there ruled that Slide was not censoring user-generated content seen as derogatory to Mustafa Kemal Atatürk per Turkish law.

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  • Slide.com
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  • Slide was begun as a project in 2004 and formed in 2005 by PayPal co-founder Max Levchin, who personally invested $1 million in the new company. Slide was one of the companies invited to participate in F8, the event at which Facebook announced an open platform allowing third parties to develop and operate their own software applications on the Facebook website. Many Slide applications were blocked in Turkey in March 2008 after a local court there ruled that Slide was not censoring user-generated content seen as derogatory to Mustafa Kemal Atatürk per Turkish law.
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abstract
  • Slide was begun as a project in 2004 and formed in 2005 by PayPal co-founder Max Levchin, who personally invested $1 million in the new company. Slide was one of the companies invited to participate in F8, the event at which Facebook announced an open platform allowing third parties to develop and operate their own software applications on the Facebook website. Slide's first institutional funder was the Founders Fund, a San Francisco venture capital firm operated by former PayPal executive Peter Thiel to invest in Web 2.0 start-ups. Subsequent investors included the Mayfield Fund, Khosla Ventures, and BlueRun Ventures. In January 2008, Slide received a further $50 million in financing from undisclosed institutional investors, rumored to be Fidelity Investments and T. Rowe Price. The investment was based on a $500 million valuation. Many Slide applications were blocked in Turkey in March 2008 after a local court there ruled that Slide was not censoring user-generated content seen as derogatory to Mustafa Kemal Atatürk per Turkish law. In 2009 the company officially changed its business model from an ad network to a sponsored content service, by which brands would pay $500,000 to $1 million each for sponsorship placement. On August 6, 2010, Google agreed to buy Slide.com for $182 million, as well as an extra $46 million in employee retention bonuses. Founder Levchin, who had invested $7 million of his own money into the company, received $39 million from the acquisition. On August 26, 2011, Google announced that it was shutting the doors on Slide.
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