App.net Celebrates 1st Anniversary With $2.5M In Funding

appnet-logoApp.net turned a year old yesterday and marked the occasion by announcing $2.5 million in new funding, while also sharing several other updates on its growth and plans for the future.

Founder Dalton Caldwell revealed that the funding has come from the services existing investors, and says App.net raised the money because “we want our developer and member community to be confident that App.net is on strong financial ground and here to stay.”

That community is small, and is no threat to the likes of Twitter or Facebook, but that doesn’t seem to be the point. App.net has purposely gone out of its way to do things differently than mainstream social networks. For starters, it launched as a paid membership service (and has since added a limited free service tier, too). App.net is also ad-free, and pays developers based on how much App.net users use and enjoy their apps.

One of the updates Caldwell shared yesterday is that the service is paying developers $30,000 per month, and has paid out more than $220,000 total since the Developer Incentive Program launched late last year.

In its first year, App.net has moved beyond being a social network in the way we think of Twitter, Facebook, LinkedIn and others. It offers APIs related to file storage, search, messaging and location, and developers are building standalone apps off of App.net’s platform.

Related Topics: App.net | Channel: Social Media Marketing

Sponsored


About The Author: is Editor-In-Chief of Marketing Land. His news career includes time spent in TV, radio, and print journalism. His web career continues to include a small number of SEO and social media consulting clients, as well as regular speaking engagements at marketing events around the U.S. He recently launched a site dedicated to Google Glass called Glass Almanac and also blogs at Small Business Search Marketing. Matt can be found on Twitter at @MattMcGee and/or on Google Plus. You can read Matt's disclosures on his personal blog.

Connect with the author via: Email | Twitter | Google+ | LinkedIn



Marketing Day:

Get the top marketing stories daily!  

Share

Other ways to share:
 

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. You can read more about our comments policy here.

Comments are closed.

Get Our News, Everywhere!

Daily Email:

Follow Marketing Land on Twitter @marketingland Like Marketing Land on Facebook Follow Marketing Land on Google+ Subscribe to Our Feed! Join our LinkedIn Group Check out our Tumblr! See us on Pinterest

 
 

Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States

Europe

Australia & China

Learn more about: SMX | MarTech


Free Daily Marketing News!

Marketing Day is a once-per-day newsletter update - sign up below and get the news delivered to you!