Congrats to WeGame on Acquisition by TAGGED

Today, WeGame announced they’ve been acquired by TAGGED . This acquisition is a great outcome for Founder Jared Kim, his team and investors. Personally, I couldn’t be more thrilled for the whole team. In addition, we’ve known Greg Tseng (TAGGED Co-Founder) for a long time and are super impressed with his vision and the company’s rapid growth. Bringing WeGame under the TAGGED umbrella is a natural fit and a great opportunity to support TAGGED’s ascension as a social network.

A little history. I first met Jared in early 2007 via an introduction from Om Malik.  At the time, Jared was just 19 years old and a student at Berkeley.  Despite his young age, Jared had already started two companies – the first was a matchmaking tool for gamers based in China and the second was a check-in service built on top of SMS. Despite just recently being accepted into University, Jared was ready to jump back into the start-up world with a new idea around building “YouTube for Gaming.” Impressed by Jared and his vision, we backed him in October 2007 as part of a $500,000 round led by Naval Ravikant. True subsequently led a $3M Series A round that also included Naval and Jeff Clavier’s SoftTechVC fund.

With a small team based in his work/ live loft in SOMA, Jared and his team built out a free downloadable tool for gamers to easily record their PC game play and share that content with fellow gamers. Today, gamers can seamlessly build their gamer social and interest graphs, which then can recommend additional games that users can purchase and play directly from the site.

As part of the acquisition, the team will move into TAGGED’s San Francisco office – joining the rapidly growing startup and supporting new initiatives within the company.

We are extraordinarily proud of the WeGame team for their efforts and dedication over the past five years, and we look forward to supporting Jared and the rest of the WeGame team on the next leg of their journey as part of the TAGGED family.