Get flash to fully experience Pearltrees
Hot online pinboard site Pinterest has closed a $27 million round of funding led by Andreessen Horowitz, we’ve confirmed. As part of the financing, general partner Jeff Jordan will be joining Pinterest’s Board of Directors.
Confirmed: Pinterest Raises $27 Million Round Led By Andreessen Horowitz
Pinterest Has Already Pinned Down $10M At A $40M Valuation
If you’ve attended any mass gathering of investors in Silicon Valley lately, you’ve probably heard some buzz about invite-only visual bookmarking site Pinterest raising a “massive” round. Business Insider initially reported the round as having $75+ million valuation last week and then amended its report to reflect that the valuation was actually lower according to another one of their sources.At this moment, the must-read stories in technology are scattered across hundreds of news sites and blogs. That's far too much for any reader to follow.
Pinterest Has Already Pinned Down $10M At A $40M Valuation (Alexia Tsotsis/TechCrunch)
Myspace Accused Of Ripping Off Stealth Startup Pinterest
This morning Pinterest co-founders Ben Silberman, Paul Sciarra and Yashwanth Nelapati woke up to a barrage of tweets , “So @myspace has completely ripped off @pinterest. It really pisses me off when an old, tired hack tries to undermine hardworking inovators. [sic]“ Myspace revealed its new redesign last night and Pinterest users quickly picked up on the similarities between the two site aesthetics, leading to an intense Twitter debate.
Pinterest launched its iphone app in april 2011. 1,5 months later, their had doubled their traffic by PED Sep 26