Just announced today, a $53 million investment from Bain Capital Ventures, Sequoia Capital, Greylock Partners and Bessemer Venture Partners values #3 social networking site at $1 Billion. The VC’s received 5% of the company for the investment.
In 2007, Microsoft paid $240 million for 1.6 percent of Facebook, making the Facebook valuation at that time around [...]
Entries Tagged as 'GodTube'
LinkedIn Valued at $1 Billion; MySpace Relaunch
June 18th, 2008 · No Comments
Tags: GodTube · Linked In · MySpace · Social Networking