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Ning Valued at $750 Million

July 22, 2009 By Mike Abundo

Social networks are hot. People like to connect, and marketers could potentially make a killing with access to your social graph. Facebook alone is currently valued at $6.5 billion. Even Google’s getting in on the action through Google Friend Connect.

Imagine, then, the value of a service to create your own social networks. Ning, the hosted social network solution from browser inventor Marc Andreessen, just raised $15 million from Lightspeed Venture Partners. This latest investment round values the startup at — get this — $750 million. That’s pretty good for a freemium service without its own advertising platform, especially since only three percent of its network creators actually pay for ad-free service.

Free self-hosted social networking scripts abound on the Internet, but the average community leader has neither the time nor the patience to install and maintain such scripts. Ning could do for social networks what Blogger once did for blogs — idiotproof them for the masses.

Filed Under: Investment, Social Network, Venture Capital Tagged With: Gina Bianchini, Investment, Litespeed Venture Partners, Marc Andreessen, ning, Social Network, Venture Capital

Browser Inventor Invests in Another Blog

July 7, 2009 By Mike Abundo

Blogs are hot again, baby. Right after Web browser inventor Marc Andreessen announces a $300 million venture capital fund for tech startups, he personally raises a $500,000 to $1,000,000 round for the profitable political blog Talking Points Memo. [Read more…]

Filed Under: Blogging, Investment Tagged With: Blogging, Investment, Marc Andreessen, Talking Points Memo

Browser Inventor Puts Up $300M Startup Fund

July 6, 2009 By Mike Abundo

Got a crazy new media startup idea bouncing around in your head at 9:01am? Recession fears keeping you from pursuing your Web 2.0 dreams? Fear not! Amidst the doom and gloom of the slump, tech veterans Marc Andreessen and Ben Horowitz just put up a $300 million venture capital fund for startups of all sizes, with investments ranging from a paltry $50,000 to a princely $50 million. [Read more…]

Filed Under: Investment Tagged With: Ben Horowitz, Marc Andreessen

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