Here are some Celebrities That Are Pumping Their Cash Into New Tech & Social Media
Justin Timberlake Backed a startup called Stipple. Stipple allows people to label, share and advertise on pictures. The company raised a $2 million seed round from a number ofinvestors, including Kleiner Perkins and Timberlake.
Timberlake also invested in a stealth startup, Dekko. Dekko is similar to Stipple in that information is added to pictures. Dekko wants to be an instant Wikipedia page for everything you see via mobile camera.Timberlake also thinks he can bring MySpace back. He took an ownership stake in the dying social network; he will be making strategy and creative decisions for the company.
Kim Kardashian cofounded Shoedazzle, a startup with $40 million in funding.
Reality star Kim Kardashian cofounded Shoedazzle, a startup with $40 million behind it from Andreessen Horowitz, Polaris Venture Partners, and Lightspeed Venture Partners.
Shoedazzle costs $39.95 per month. Users receive a box of shoes, jewelry, or a bag. If they like it, they keep it for 30 days. If they don’t, they return it to Shoedazzle and get their money back.
Currently the startup has 3 million users. If every member paid every month, that would add up to $120 million in revenue per month. Of course they don’t, but Shoedazzle still has the potential to be a pretty big business.
Ashton Kutcher has his own fund, A Grade. He has invested in at least 13 startups since 2007.
Kutcher’s investments range from billion-dollar startups like Foursquare and Airbnb, to early stage companies like Hipmunk, Blekko, Zaarly and Amen. Kutcher had invested in furniture sales site, Fab.com. Kutcher is also an investor in Dave Morin’s Path, iPad news reader Flipboard, Skype, UberMedia, and outfit app Fashism. He sits on SB Nation’s advisory board too.