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Facebook Gets $25MM In Funding
By Christopher Carfi
Expert Author
Article Date: 2006-04-19
The hits just keep on coming. Facebook has landed an additional $25MM in funding, and Bambi Francisco is reporting that the pre-money valuation of Facebook was $525MM.
(via nick)
UPDATE: Matt Marshall has more on the Facebook deal here. The key strategy bits:
"Facebook has only "scratched the surface" on its efforts to expand in new markets, including international and post-graduate communities. Facebook launched a product for high schools last year, and recently launched a version of its site for mobile devices. It also introduced photo-sharing several months ago. Facebook's Deitch said comScore data shows Facebook is the largest photo-sharing site on the Web
The company will eventually turn to developing three revenue streams, [Greylock's] Sze said. Those include local advertisers, such as pizza companies or bookstores that want to post an ad for a local college audience; banner advertisers seeking to reach Facebook's demographic type nationally; and sponsored groups, such as large companies sponsoring an online forum to interact with students."
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About the Author:
Christopher Carfi, CEO and co-founder of Cerado, looks at sales, marketing, and the business experience from the customer´s point of view. He currently is focused on understanding how emerging social technologies such as blogs, wikis, and social networking are enabling the creation of new types of customer-driven communities. He is the author of the Social Customer Manifesto weblog, and has been occasionally told that he drives and snowboards just a little too quickly.
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