Quora Raises $80 Million To Drive Growth and Protect Independence

While people frequently turn to Wikipedia and Google Search to answer their questions, they may be overlooking a website specifically designed to answer those questions. Question-and-answer website Quora boasts that it is actually “your best source of knowledge” because it lets you ask any question and get real answers from people with first-hand experience. With… Continue reading Quora Raises $80 Million To Drive Growth and Protect Independence

Bootstrapped Startup Imgur Signs With First Investors, Including Reddit

After five years of bootstrapping its way to profitability, Imgur announced today a $40 million funding round raised through Andreessen Horowitz. The funding will go toward product development, growing Imgur internally and growing Imgur’s user base worldwide. Reddit, the community for which Imgur was originally built, contributed to the round. Imgur was created in 2009… Continue reading Bootstrapped Startup Imgur Signs With First Investors, Including Reddit

YouTube Renews Vevo Contract and Invests $50M to Keep it Away From Facebook

YouTube has just renewed its agreement with the music video hosting service Vevo and is also making an estimated $50 investment in the firm. This investment gives Google, who owns YouTube, a 10% stake in Vevo too which is evaluated to be worth about $500 million now. According to comScore, Vevo’s library attracted 50.2 million… Continue reading YouTube Renews Vevo Contract and Invests $50M to Keep it Away From Facebook