Feedburner
Union Square Ventures closed an investment in Feedburner today.
We are thrilled to be an investor in this great company which has been leading the way in RSS feed management and monetization services for the past three years. We have been big fans of the company for a long time but for a number of reasons, we have not been investors until today.
This was not a traditional venture funding round as Feedburner didn't need our money as they had closed a round in early 2005. But we both decided it made sense for Union Square Ventures to be involved in the Company and so we made it happen. We'd like to thank the founders of Feedburner and the investors, Portage, Mobius, DFJ, and Sutter Hill for being so cooperative and letting us get involved in such a fantastic company and join a stellar venture syndicate.
We plan to write a longer post about this investment in the next couple days explaining what we like about Feedburner, where we see RSS and feed management going, and what we hope Feedburner will become.
However, the news started leaking out today on the Paid Content weblog so we wanted to make sure you heard it first from us.
Stay tuned for a longer post on this subject in the next couple days.
February 6, 2006 09:03 PM, By Fred Wilson
Tags: feedburner feeds investment rss
Comments (2)
"But we both decided it made sense for Union Square Ventures to be involved in the Company and so we made it happen."
i wonder how the entrepreneurs took it. giving companies more cash than they need just to increase holding is a great way to take over the company and strengthen the VC stand before future rounds. its not so great for the company or the entrepreneur.
Posted by JD , February 11, 2006 12:20 PM
Great company - one of the strongest arguments for commercialization of weblogs out there; and at the very least, one of the best pick-axe and gold-pan supply companies around - very powerful suite of tools that everyone uses.
Posted by Tom Watson , February 6, 2006 09:42 PM