When was imvu founded

Funding rounds Save to List. Powered by Golden Research Engine. Patents Save to List. Ben Davenport. Eric Ries. James Joaquin. Board member. John Hamlin. Kuk Yi. Lucy Zhang. Paul Connors. Shawn Carolan. Steve Blank. Steven Lurie. Teddy Lee. Tuff Yen. Will Harvey. News Title. In order to provide a better user experience, website styles have also been disabled. Some features and content may not be visible. It is a large virtual 3D chat environment where you can dress up an avatar, create a home page for it, and talk with new people online.

The original product the company made did not contain these features, however. The product evolved through the lean startup process to become what it is today. According to this lecture from the founders , the company did not initially know what features their product would have or who their customers would be.

They started with a basic chat add-on , and through testing and talking with users, they discovered what features were in most demand. With relation to a standard free or full member, promo-credits are similar to standard credits. A given number of credits equates to the same number of promo-credits. However, promo-credits cannot be used to purchase items as gifts for other members, and may not be traded back to an IMVU re-seller for actual currency. Furthermore promo-credits cheat developers out of income by netting only a single developer token per purchase when used regardless of the price of the product purchased.

IMVU allows full members to participate in a ' Content Creator Program ', which offers participants software utilities for creating custom, virtual, in-client items.

They may then sell their items by listing them in an online product catalog. Content creators earn credits when their items are sold and are allowed to resell the credits they earn to IMVU itself.

Developer tokens only appear in the instance that a member pays a developer for a custom item, using promo-credits instead of standard credits. Once received by the content creator, promo-credits automatically translate into developer tokens.

One developer token is technically worth ten credits, however, developer tokens may only be spent on developer related fees, such as the initial cost that must be paid when putting an item on sale or to buy advertising called a "Shout Out," which buys the purchaser a certain number of placements in the scrolling ads that appears on the top of all IMVU pages.