Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
November 30, 2011 08:00 pm GMT

Third Times The Charm? A New NewsCred Raises $4 Million To Reinvent The Newswire Service

Screen shot 2011-11-30 at 4.34.51 AMStartups pivot; it's part of the process. But how many startups pivot multiple times and still manage to raise significant cash from reputable investors? Sure, maybe it's a sign of a bubble, a sign that startups are indeed overfunded, or maybe this company is just getting better with each try. We first covered NewsCred back in 2008, when they launched a credibility rating score for publishers, authors, and stories (by way of community voting plus algorithms) in an attempt to help readers filter the noise and find the highest quality news. Early last year, NewsCred relaunched as a "Ning for newspapers", allowing users to build custom online newspapers in minutes. Both approaches seemed to hold water, and the startup raised $750K in seed funding from FLOODGATE and IA Ventures last September in support of it new look.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FLaI2PisGNA/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch