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Who’s getting the money? Social networks
Categories: Social Networking, Web IndustryPosted on July 23rd, 2007VCs are throwing around money like it’s no tommorow at Social Networks, here’s a few that have gotten funding recently. Do you think that VCs see some money get invested in the space, so others rush out to keep up? Investments are at an all time high since 2001.
Ning gets 44 Million Hi5 gets 20 Million Tagged gets 20 Million Reunion gets 25 Million
I was here in the valley during the first boom and bust, do you think we’ll laugh or cry at this in five years? If you’re looking for a white label social network to fund, see this large list. At first there was 8, now there is over 60.
3 Responses to “Who’s getting the money? Social networks”
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About
Jeremiah Owyang
Silicon Valley
The views expressed on this website/weblog are mine alone and do not necessarily reflect the views of my employer, Forrester Research.
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Kind of interesting to see all of that money being thrown around…I haven’t seen one social network that can currently compete with everything on Facebook.
Posted by Damon Billian on July 23rd, 2007 at 3:48 am
Damon
check out those links, they show that Facebook is not the top social networking site.
Posted by jeremiah_owyang on July 23rd, 2007 at 4:47 am
Hi Jeremiah,
I know that Facebook is still behind some of the sites. However…their numbers have been going through the roof since they opened up the platform. Some of the other sites have had open platforms for a much longer period of time…
Sorry, I feel that apps gives them a huge edge on a lot of the other sites right now. It will also lead to more engagement on the site & perhaps on the sites of those that developed apps for the platform.
Posted by Damon Billian on July 24th, 2007 at 2:22 am