Gush Ad

Gush Ad is an online social media marketing and advertising platform that connects brands closely with consumers. It hosts an online rewards programme where consumers are incentivized as they interact with advertisements, enabling them to earn real money and rewards from the platform.

It is based in Singapore, and currently also holds offices in San Francisco, Malaysia, and Indonesia.[1] Gush Ad is owned by Gushcloud Pte Ltd, and is resold by Gushcloud INC in the US and TBG Interactive SDN BHD in Malaysia and PT. Media Awan Digital Indonesia in Indonesia. Gush Ad was recently inducted into the Founder Showcase Hall of Fame as one of two Singaporean-founded companies that has since achieved significant business milestones.[2]

In March 2015, it was revealed that it had been engaged by a client to conduct a smear campaign against its competitors, leading to a backlash against the company and its client.[3]

History

Launched officially on 10 February 2012, Gushcloud was founded by Vincent Ha and Althea Lim, who also previously co-founded The Barnett Group, a boutique digital agency in Singapore.

Gushcloud 1.0

Main article: Gushcloud

Gush Ad, which originally was christened as Gushcloud, had registered users known as Gushers co earn GC$ (Gushcloud Dollars) from completing tasks on the Gushcloud platform which could then be cashed out for real money via Internet Banking or PayPal, or donated to charity.[4][5] Users could also earn Karma Points by completing similar tasks for additional bonuses on the platform, however, this feature was phased out early in its introduction and was not available in Gushcloud 1.5.

A mobile app for Gushcloud 1.5 was available for download in the Apple Store with features similar to that of the website.[6]

Gush Ad

The Social Sentiments Network proved to be ahead of its time for Asia, with traction for the Rewards Platform outpacing that for the Social Sentiments Network. The company concluded that the Rewards Platform was more appealing to its predominantly Asia-based users, hence the decision to focus its development and resources on the Rewards Platform. The Social Sentiments Network, Gushcloud.com, is still currently being built, till indefinite notice. The Rewards Platform was rebranded to its existing name today, Gush Ad.

Gush Ad was launched on 23 October 2012 as the social advertising platform that incentivized consumers to interact with advertisements. An interaction could refer to completing surveys, sharing messages, or referring products to friends on social networks such as Twitter through engagement in rewarded advertising tasks. It also saw the fresh conceptualization of a Gush Wallet for advertising credits to be accumulated, where users could earn virtual dollars from campaigns, spend their earnings on the redemption store, or cash out for real money via PayPal or Internet Banking.

Users sign up for an account using their email addresses or their Twitter. It will thereafter be necessary for them to link their Gush Ad account together with their Twitter account to complete Twitter tasks prevalent on the platform.

Future

The company has been in talks with various organizations to move forward with scalable plans via its B2B advertising tools (ad widgets, publisher dashboard, SDKs, APIs). The holding company, Gushcloud P/L, also has a subsidiary arm of bloggers, influencers and celebrities whose social media platforms are marketed by Gushcloud.

Accolades & mentions

Gushcloud was the only Singaporean team that made it to top 10 of the 8th Founder Showcase international pitch competition, coming in 2nd in terms of Judges scores and 3rd place Overall.[4] It has also recently been inducted into Founder Showcase Hall of Fame[7] - an honour reserved for companies that have gone on to achieve “significant business milestones after the event whether by raising funding, building a great business, or disrupting an industry”. Gushcloud was also named as one of 5 startups to look out for in VisionWiz’s coverage of Founder Showcase.[8]

Gushcloud was also voted “Most Promising Startup” in I-S Magazine’s Reader’s Choice Awards[9] in May 2012 and was also the only Asian top 20 finalist in Global Mobile Internet Conference (GMIC) Silicon Valley appAttack 2012.[10] Its marketing campaign for Air France KLM under Gush Ad garnered another nod as finalist in Marketing Magazine Marketing Excellence Awards 2012 (Singapore) in the category of Excellence in Social Media Marketing.[11]

Gush Ad was also featured in various state newspapers such as The Straits Times[11] & Business Times.[12]

Finances

Funding

Gushcloud closed a seed round in February 2012 from F&H Holdings. F&H Holdings is co-founded and chaired by Mr John Wu who was previously the Chief Technology Officer of Alibaba Group and part of the key management team of Yahoo! Inc.[13]

Smear Campaign against M1 and Starhub

In March 2015, it was reported that the previous year in June 2014, a Gushcloud account executive had instructed its influencers to launch a smear campaign against Singapore telcommunication companies M1 and Starhub, on behalf its client SingTel, in return for rewards linked to SingTel's offerings as part of its "Digital Youth" campaign.[14] Initially covered by Singapore blogger Xiaxue's blog, the report was picked up by mainstream media.[15] A leaked email containing the instructions was confirmed by statements from both Singtel and Gushcloud. M1 and StarHub have appealed to the Infocomm Development Authority of Singapore, the authority overseeing the telco industry in Singapore, to investigate these allegations.[16] They are also mulling possible legal actions against SingTel.[17] SingTel terminated its relationship with Gushcloud and apologized to M1 and Starhub for the campaign.[18][19] Gushcloud also apologized to all three telcos for its actions.[20] Some of Gushcloud's clients, such as Microsoft and Zalora, have clarified their working relationship with GushCloud, and Gushcloud has removed its list of clients from its website. Some of the bloggers and influencers have distanced themselves from Gushcloud,[21] and even left the network altogether. At least 2 bloggers have also apologized for their involvement in the negative campaign, but maintained that their negative feedback regarding Starhub and M1 were genuine.


References

  1. ↑ Techinasia - Singapore-based Gushcloud launches office in San Francisco
  2. ↑ Founder Showcase - Hall of Fame
  3. ↑ http://www.channelnewsasia.com/news/singapore/bloggers-cut-ties-clients/1728834.html
  4. ↑ 4.0 4.1 e27.co Online Tech News Portal - Get rewarded with Gushcloud (1.0)
  5. ↑ Marketing Interactive - New service pays users for tweeting
  6. ↑ e27.co Online Tech News Portal - Gushcloud launches mobile app
  7. ↑ Founder Showcase - Hall of Fame New Inductees
  8. ↑ VisionWiZ - Top 5 startups
  9. ↑ I-S Magazine - Most promising start-up at I-S Reader’s Choice Awards
  10. ↑ GMIC appAttack - 2012 Winners & Finalists
  11. ↑ 11.0 11.1 Marketing Magazine - Marketing Excellence Awards 2012 Finalists
  12. ↑ The Business Times - A passionate entrepreneur with lofty aims – Vincent Ha (Gushcloud)
  13. ↑ Yahoo! Finance - Gushcloud receives seed funding from Singhome Fund
  14. ↑ http://www.prweek.com/article/1338736/when-agencies-sin-clients-name-singtel-gushcloud
  15. ↑ http://news.asiaone.com/news/singapore/it-all-started-anonymous-e-mail
  16. ↑ http://www.channelnewsasia.com/news/singapore/m1-starhub-ask-ida-to/1719110.html
  17. ↑ http://www.channelnewsasia.com/news/business/singapore/m1-and-starhub-mull/1726210.html
  18. ↑ http://www.channelnewsasia.com/news/singapore/singtel-group-ceo/1727434.html
  19. ↑ http://www.todayonline.com/singapore/singtel-terminates-services-gushcloud-employee-involved-no-longer-them
  20. ↑ http://www.straitstimes.com/news/singapore/more-singapore-stories/story/gushcloud-apologises-singtel-campaign-says-it-auditing-p
  21. ↑ http://www.channelnewsasia.com/news/singapore/bloggers-cut-ties-clients/1728834.html

External links

  1. Gushcloud Beta Official Website (beta)
  2. Rewards Platform GushAd.com
  3. Official Blog