My client Chirpify is having a damn good day, today. The company, which "turns tweets into transactions" by letting any organization or individual link their Twitter and PayPal accounts to conduct super simple social commerce in 140-characters or less, just closed a $1.3 million Series A round. If that's not enough, they're also rolling out a new solution that allows entertainment companies and independent artists to use Chirpify to offer digital downloads of songs and electronic tickets straight over Twitter too. So now labels and artists can come up with all sorts of creative ways to directly monetize their followers. Cool.
Chirpify's CEO, Chris Teso, thinks his company's new capabilities just might be enough to chip away at iTunes and Ticketmaster. He just might be right. In fact, Chirpify's opportunity is even bigger than that. They just might have cracked the code on monetizing social media. They're all about seamless social commerce that is big, noisy, and actually works.
Big congratulations to Chirpify -- and to mobile accelerator Upstart Labs (also a client), who provided Chirpify with seed capital and access to services like ours.