Monster Venture Partners has acquired a controlling interest in Bitwine. Launched in late 2006, Bitwine is a service that enables people to ask experts questions in return for a fee.

Bitwine users can ask questions related to all kinds of things ranging from nutrition to computers via Skype, other VoIP services or normal phone lines. Experts can charge their clients a flat fee or by the minute. Clients pay by PayPal and the money is sent as soon as the expert has answered the relevant question. Interestingly, the service is also available as a white label product.

Nice idea, Bitwine. And it seems Monster Venture Partners agrees, especially given potential synergies with its other portfolio companies, including Questions.com, Careers.org, Patents.com, Traveler.com and Slideshow.com.

Source: Michael Arrington, “Bitwine Acquired By Monster Venture Partners”, TechCrunch, October 5, 2008

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