LOS ANGELES, July 7, 2011 /PRNewswire/ -- Variety's Venture Capital & New Media Summit, taking place at the Beverly Hills Hilton on Friday, July 8th, will explore how UK innovation is now on course to rival that of Silicon Valley and how the British investment community is driving technology innovation - so critical for the growth of the evolving technology and entertainment industries in the UK.
The summit will showcase London's "Tech City" initiative, which was launched by the U.K. government to build on the existing cluster of technology companies in Shoreditch, East London. Dominic Wheatley, Founder and President of SocialGO, which creates next generation "socially-enabled" websites, has been invited to participate in a panel discussion beginning at 4:00pm. Along with Variety, the media summit is being presented in conjunction with the UK Trade & Investment Group, who are pulling out all the stops for this panel in particular; it will feature HRH Prince William and his wife Catherine, the Duke and Duchess of Cambridge, in the very first appearance of their California visit.
SocialGO, a leader in private, or "niche" social networks, is launching the first website creation platform made for the social web. The company is one of many based in "Tech City", an area that is home to one of the largest concentrations of small, fast-growing digital technology companies in Europe and intends to give California's Silicon Valley a run for its money as a global hub of technology. Variety's Venture Capital and New Media Summit will showcase some of its emerging technology stars, including SocialGO.
SocialGO's company founder and president, Dominic Wheatley, has been invited to speak on the panel that will be introduced by the Duke and Duchess of Cambridge, who are participating in the Summit because of their special interest in British Industry, new media and show business. Wheatley says that SocialGO has been asked to participate in a panel at the Summit because, "The web is evolving in such a way that in the near future community and social elements will be part of every web site. SocialGO is both consolidating social media, and re-inventing the traditional website by enabling people to manage all their social media from one place."
More and more, niche community networks with common interests are emerging in the millions. Special interest groups range from clubs and churches, through professional groups such as doctors or engineers, to small to medium sized businesses and their employees and customers. They all want to network with like-minded people in smaller, more relevant groups. With SocialGO, they can design and create their websites to meet their own needs and that of their community.
Richard Weston-Smith VP of Business Development and Strategic Alliances for SocialGO explains: "A social website is a next generation website with social media tools like a blog, membership, Twitter, Facebook and live audio/video chat already "baked-in". What we are essentially doing is, for as little as $10 a month, offering the consumer a more affordable way to create a next-generation website that for the first time helps them operate a more effective social-media strategy. We are, in effect, re-inventing the website."
Wheatley says, "We're excited to share SocialGO's experience and expertise in this niche area at the July 8th Variety's Venture Capital & New Media Summit."
For more information about SocialGO, please visit: www.SocialGO.com.
For press credential inquiries or more information on Variety's Venture Capital & New Media Summit, please go to - http://www.variety.com/events/2011/venture-capital-new-media-summit/.
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Founder and president, Dominic Wheatley, and VP of Business Development and Strategic Alliances, Richard Weston-Smith, are available for interviews from July 5th to July 9th and available to meet with press that have been pre-approved to attend the summit on Friday, July 8th.