Monday, February 13, 2012

Another branded CAPTCHA startup gets funding

DoubleRecall apparently got $1.6 in VC from YCombinator and a bunch of other VCs. They pitched YCombinator 6 months ago and made quite an impression apparently.

This NYC based startup's business plan is to replace paywalls (e.g. when you try to access a news site and they want you to subscribe) with a 'brand awareness test'.

Basically, they present something that seems like a captcha, but it's really an ad. To get past this ad-wall, you must type in a sequence of words that are highlighted in the ad.

Here's an example (made by me):

Rice-A-Roni is still popular no matter where you live: New York, Chicago, or San Francisco. Anywhere, anytime. It's a real treat.
Type the highlighted words:  Rice-A-Roni San Francisco Treat  

They are promising a high enough "ROI" (which I think they mean Return on Impression) that sites can remove paywalls.

You can read more on sfgate.

Programmers can probably crank out a browser extension to automatically get past these paywalls in a few minutes, so expect an arms race here.

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