Who’s getting the money? Social networks

July 23rd, 2007 | Category: Social Networking, Web Industry

VCs 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 Comments so far

Damon Billian July 23rd, 2007 3:48 am

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.
jeremiah_owyang July 23rd, 2007 4:47 am

Damon

check out those links, they show that Facebook is not the top social networking site.
Damon Billian July 24th, 2007 2:22 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.