Magnitude Information Systems, random ergonomics company, invests in Kiwibox, teen social network
Kiwibox.com, an online magazine aimed at teenagers, is a remnant of the dot-com days. Unheralded and mostly undifferentiated, it launched in 1999 and somehow managed to slog its way through the bubble’s pop. In August, it relaunched with a social networking component and has just raised a low-seven figure round from a public company called Magnitude Information Systems.
Given that most teens are just fine with MySpace and Facebook and that myYearbook, a teen-oriented social network,… Continue Reading