July 23, 2016 11:22 AM ET

Internet Software and Services

Company Overview of Ifwe Inc.

Company Overview

Ifwe Inc. operates social networks for new people. It also develops social products on mobile and other key platforms. The company was formerly known as Tagged, Inc. and changed its name to Ifwe Inc. in October 2013. The company was founded in 2004 and is based in San Francisco, California.

110 Pacific Avenue Mall

Box 117

San Francisco, CA 94111

United States

Founded in 2004

Phone:

415-956-1377

Key Executives for Ifwe Inc.

Chief Executive Officer
Co-Founder and Director
Co-Founder and Director
Vice President of Finance
Vice President of Operations
Compensation as of Fiscal Year 2016.

Ifwe Inc. Key Developments

Tagged No Longer Seeks IPO

Tagged, Inc. is no longer going for an IPO. Tagged's founders were reportedly aiming for a $1 billion IPO. Chief Executive Officer Greg Tseng said, "The 140-person San Francisco company, which expects annual revenue this year to drop from $57 million to $51 million, had been preparing for an initial public stock offering for the last two years as revenue grew significantly. It's goal was to seek a billion dollar valuation on revenue of $100 million or more." Tseng's plan now is to continue to maintain Tagged and the gaming social networking site Hi5, which it owns. It also plans to develop other applications in order to "take multiple shots at creating the next billion-user social product," whether it be on mobile phones or some new wearable computing device like a watch, Tseng said. Such a goal was unthinkable a decade ago, but now seems entirely possible, he said, "Our IPO plan was hitting some headwinds largely due to the world shifting to mobile," Tseng said. "Even though mobile provided headwinds, it opens up even bigger opportunities for our mission, which is to enable meaningful connections between people."

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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