“We know that [social networking] is here to stay,” said Mike McGinley, a co-founder of New Dominion Angels. “The world is going to get more sophisticated with how to navigate social media, and somebody is going to win in that space.”
OhMyGov.com is a website about federal government news. The company teaches training seminars on social media, said Andrew Einhorn, one of the founders, adding that they also provide media analysis.
For example, OhMyGov recently helped the Centers for Disease Control find out how misinformation was spreading about the H1N1 virus, according to the company.
“It’s about going out there and looking at the visibility of a message. I could tell you what organizations picked it up and who’s talking about it with a geographic analysis,” said Andrew Einhorn, one of the founders at OhMyGov.
McGinley, of the New Dominion Angels, declined to share the size of the investment or the equity stake but said the fund would have a larger stake in OhMyGov than in most of the other companies it has invested in. (You can read more about New Dominion Angels in an RBS story here.)
“We like three principals a lot,” McGinley said of the decision to invest in OhMyGov. “They are creative and innovative with good track records.”
New Dominion Angels has also made investments in ROI2, Mom Made Foods and MySBX.
Aaron Kremer is the BizSense editor. Please send news tips to [email protected]