Tim “The Freak” Lincecum Co-founds Stealth Startup 12Society, More Celebs To Come

Back in October 2010, billionaire tech investor Mark Cuban jumped into the daily deals game with a $1.5 million seed investment in gift online shopping deals startup JungleCents. Because the startup took a somewhat alternative approach to daily deals, using a lead generation model to give publishers supplemental revenue streams, today, JungleCents has seen some pretty good traction. Its deals are now reaching 2.2 million email addresses (publishers included), and its sign-up rate tripled in the last three months of 2011. However, at the beginning of this year, Cuban acquired all of the JungleCents assets, allowing the startup's co-founders, Sameer Mehta and Nadir Hyder, to take off to found a new venture. Today, we're getting a bit of a glimpse into what the guys have been working on, as they are officially ready to announce a new startup, called 12Society. Joining Mehta as co-founders of the new venture are Chirayu Patel, a former solutions architect at VMWare, and one slightly more well-known name: San Francisco Giant and two-time Cy Young Award winner, Tim Lincecum.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/dY-NVRqoJJE/

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