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November 30, 2011 08:00 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/FLaI2PisGNA/
Third Times The Charm? A New NewsCred Raises $4 Million To Reinvent The Newswire Service
Startups 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/
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