As part of a recent round of funding, Reddit plans to distribute shares to its users in the form of a cryptocurrency.
Pinterest has avoided the pitfalls of other social-bookmarking sites, and is well on its way to developing a solid business model, with the possibility of a promising IPO.
The hyperlocal anonymous messaging app announced its biggest round of funding since it launched five months ago.
!nstant, a social curation tool, is one of the projects that will go from idea to prototype with funding from the Knight Foundation’s prototype fund.
Today, the infographic marketplace Visually announced it has raised $8.1 million in a Series A financing round, led by Crosslink Ventures.
“While some social media users saw the news as a tentative but promising entry for Indonesian business into an industry whose roots remain firmly planted in Silicon Valley, others greeted the announcement with suspicion.”
After raising $2 million in April, Chirpify has secured an additional $4 million in Series A funding to bring the social commerce platform to the sports, music, and media companies that are looking to monetize live events and TV shows.
After raising $60 million in Series B funding, Snapchat will focus on scaling its ephemeral messaging service and hiring more engineers, according to a report by AllThingsD.
In early 2011, we looked at Assistly, Dropbox and Qriously as tools that could help small businesses and startups. We had to take a look — where is everyone now? So far the tools, apps, companies we’ve been watching are steadily growing up into first movers and disrupters. Of our three follows above we have one acquisition, one member of the billion-dollar valuation club and one positioned to be there soon. We might even see an IPO from this group. One thing is for sure: social media isn’t going away and those who are mastering it are riding the wave to the top.
Since 2009, Foursquare has redesigned everything about its local search service except its revenue strategy while competitors like Groupon and LivingSocial have raced ahead. But there is a method to this company’s madness. Bloomberg reports that Foursquare has raised $41 million in debt financing rather than shares to give Foursquare time to expand before investors start demanding a profit.