Social Networking - Monday, January 21, 2008
Financial Bigs Back Slide With $500M+ Valuation
Widget maker Slide has raised $50M in a fourth round of funding that values the company at $500M+. Fidelity Investments and T. Rowe Price are the latest investors. Like Google, people tend to view Slide as a product (Google = search while Slide = widgets). However, like Google, Slide is becoming more of an ad network, using its reach to appeal to advertisers who want to get their widgets installed.
Slide was founded in 2005 by Max Levchin with funding from Mayfield Fund, Blue Run Ventures, Khosla Ventures and Founders Fund.
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