February 06, 2006
Welcome USV
In reviewing our map of the country a few months ago, we realized that our investor profile was deficient on the eastern seaboard. Fortunately for FeedBurner, we have gotten to know Fred Wilson and Brad Burnham at Union Square Ventures extremely well over the past couple years. Fred was one of the first two hundred publishers to use FeedBurner, and tonight, we get to announce that Union Square Ventures have joined the ranks of institutions wondering when they'll possibly recoup their investment. Fred and Brad have been engaged and helpful with our efforts from the very early days of the company, and as of this evening, "our interests are more aligned", as they say. In the continued policy of transparency and general openness about the company that we like to maintain around here, this investment expands our B round and brings the total company funding to date to $10 million. The incremental funds will go toward expanded publisher services and new football jerseys for the FeedBurner junior varsity team. Thank goodness we can avoid that bake sale now.
Comments
Congrats!
