Media - Monday, January 16, 2006
Associated Content Raises $5.4M For No Apparent Reason
Denver, CO-based Associated Content has raised $5.4M in Series A. We had come across this company a few months ago and could not understand what they are trying to do - we still don't get it. The company is building a library of user-generated content - audio, video, photos and text. It then will share revenues back with contributors.
Great, but as a visitor, we can't find anything that we want, nothing you can't find more easily on Yahoo or Google searches. Can anyone explain why we might ever visit this site again? The site has terrible traffic for a company that can afford to buy it so apparently we are not alone.
Softbank Capital's Eric Hippeau and Mike Perlis, joined the Board along with uber-angel Ron Conway, Walden's Rich LeFurgy, founder Luke Beatty, and Non Executive Chairman Tim Armstrong who is a big hitter in sales at Google.
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