An Interest In:
Web News this Week
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
- April 18, 2024
Some of Our Sources
- Mashable
- Pearsonified
- Smashing Apps
- Vandelay Design
- Web Designer Depot
- CSS Globe
- Spyre Studios
- Freelance Switch
- Web Resource Source
- TechPowerUp
Help Webnuz
Referal links:
May 21, 2012 09:11 pm GMT
Today at TechCrunch Disrupt, CrunchFund's MG Siegler took the stage to interview Tumblr CEO David Karp. But not before disclosing that his fund was now an investor in the New York City-based blogging platform. Neither provided further details of the investment on stage, but we've been able to find out a little bit more about the CrunchFund's stake in Tumblr.For one thing, the CrunchFund investment wasn't part of a follow-on round or a new fund raise for Tumblr, but a purchase of common stock from some of Tumblr's early-stage investors. And while it isn't taking a huge stake in Tumblr, relative to the startup's overall investor base, the investment has been described as "significant" to CrunchFund, which had raised $20 million before launching.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qMBk_xGlJ7Q/
CrunchFund Took A Stake In Tumblr, Buying From Existing Investors
Today at TechCrunch Disrupt, CrunchFund's MG Siegler took the stage to interview Tumblr CEO David Karp. But not before disclosing that his fund was now an investor in the New York City-based blogging platform. Neither provided further details of the investment on stage, but we've been able to find out a little bit more about the CrunchFund's stake in Tumblr.For one thing, the CrunchFund investment wasn't part of a follow-on round or a new fund raise for Tumblr, but a purchase of common stock from some of Tumblr's early-stage investors. And while it isn't taking a huge stake in Tumblr, relative to the startup's overall investor base, the investment has been described as "significant" to CrunchFund, which had raised $20 million before launching.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qMBk_xGlJ7Q/
Share this article:
Tweet
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