Sunday, May 25, 2008

Gurbaksh Chahal - BlueLithium Founder Gets Back To Business

Chahal is no stranger to entrepreneurship. A millionaire by the age of 18, he founded online ad network ClickAgents Inc. then sold it to ValueClick Inc. for $40 million. He then went on to found BlueLithium, an ad network focusing on data targeting, optimization and analytics. Since selling online advertising company BlueLithium Inc. in September for about $300 million, Gurbaksh Chahal has written a book and filmed a reality television show slated for a debut on a "major network."

Chahal told VentureWire that gWallet is in the final stages of raising $10 million in Series A funding from two unnamed venture capital firms. Chahal partnered with William Morris Agency and is scheduled to star in an upcoming network TV show. The show's premise is still under wraps, but it is set to be nationally syndicated on a major network this fall, he said. His book deal is with Palgrave Macmillan. "The Dream" will detail his story of the successful creation of two Internet-based companies and is expected to be released near the debut of the television show. For more information, please visit http://www.chahal.com

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