Chuck Davis, who was today appointed as chief executive officer of Swagbucks, is a familiar face for those tracking tech startups that sold to big companies. He was CEO of Fandango when it sold in 2007 to Comcast for reportedly $200 million, and of Shopzilla, when it sold to E.W. Scripps for $525 million in 2005.
Effective today, he assumes the top position at Swagbucks, the customer rewards platform whose parent company is Prodege LLC. The El Segundo-based company, which has bootstrapped itself since it launched back in 2008, also announced $60 million in funding from Technology Crossover Ventures, the Palo Alto, California-based venture capital firm where Davis is a venture partner. Swagbucks was co-founded by Josef Gorowitz, who moves from CEO to president, and Scott Dudelson. Last year, it generated $53 million in revenues for running a platform that rewards online consumers for watching videos, playing computer games, taking surveys, and shopping by sending them gift cards for e-commerce stores including Amazon, Wal-Mart, Target, Starbucks, and Paypal.
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