Del.icio.us Gets VC Funding
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Written By Reprise Media | April 11, 2005 | Share This
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Del.icio.us already has the market on bookmarks, and now it’s got the dollar bills to back it up. Joshua Schachter, founder of the social bookmark service, has announced the acceptance of a minority investment from an influential group of investors that includes Union Square Ventures, Amazon.com, Seth Goldstein, Josh Koppelman, Tim O’Reilly, and Bob Young, […]
Del.icio.us already has the market on bookmarks, and now it’s got the dollar bills to back it up. Joshua Schachter, founder of the social bookmark service, has announced the acceptance of a minority investment from an influential group of investors that includes Union Square Ventures, Amazon.com, Seth Goldstein, Josh Koppelman, Tim O’Reilly, and Bob Young, among others. Read Schachter’s mailing list post here.
Seems that the money is coming fast and furious for these types of services. It’s been just weeks since Schachter quit his day job to go pro and Amazon has now funded 2 tagging companies - 43 Things and del.icio.us.
A VC analyst over at AlarmClock calls del.icio.us a “classic guy-in-a-room venture,” going on to say, “We think he’s wise to emerge from his bedroom - a little investment can go a long way in the current market, as can a loyal user base.” We agree, and if one of the Big Three come calling and buy it out once it gets built out we’ll agree even more. Read the rest here.
Topics: Tagging |