Eefoof

eefoof was a community-driven media website with profit-sharing. It was a later newcomer to the social networking scene. Unlike many other media sites, eefoof shared its profits with its users who create original content after they reached $20.00. The types of media then accepted and displayed included Adobe Flash, video, images, and audio files. In 2007, the name was changed to VuMe.
History
eefoof.com was founded in 2006 by Kevin Flynn of Peanut Butter Jelly Time fame. While watching various media sites copy and profit from his creation, he thought of a way for authors of original content to make money from their work without signing any exclusive contracts. He approached long time friend Matt Farley, a web developer based in Sacramento, to help him achieve his dream. After about a month of work, a beta release was launched, which received extensive coverage by both online and print news outlets from around the world including Slashdot, The New York Times, The Wall Street Journal and others. Shortly thereafter,
two industry professionals, Stephen Bisordi, a Senior Systems Engineer from Silicon Valley, and Gary Harris, founder and owner of a successful web hosting company, joined the team.
Mechanics
eefoof.com was one of the then few media websites that give a portion of their profits to its content creators. When an author of an original piece of content submitted their work, they were entered into the profit-sharing system. Based on how well their piece of media fared against others of the same type (video, flash, images, etc.), they were awarded a share of the total site profits. Once the user's account reached $25, they could cash out via electronic transfer via PayPal.

Main Menu

See Also

Main Menu