Web 2.0 - Thursday, March 13, 2008
ShareThis Closes $15M Round
We can't think of many Web 2.0 startups that have raised nearly $25M so quickly. Our understanding of the Web 2.0 tool startup model is to bootstrap or maybe raise a few millions dollars and hope to find a buyer who might pluck down a five or ten times that investment.
ShareThis seems to want to elevate itself above the crowd and perhaps place itself amidst company like Facebook. The startup has just closed a $15M round, bringing its total capital raised to $23M. Get this: Share this only launched last November. This round was led by Draper Fisher Jurvetson.
Granted, ShareThis' growth is impressive. It claims it is now serving 100M page views per month. Currently, ShareThis is very simple. Clicking on ShareThis' icon launches a popup window that makes it simple for blog or social networking page readers to share posts on the likes of Digg, StumbleUpon, del.icio.us, Facebook, Technorati, Reddit, and others or to send to others via email, AIM, SMS, MySpace and Facebook.
ShareThis raised $6M last year from Blue Chip Venture Company, Illinois Ventures, DFJ Mercury, Queen City Angels and RPM Ventures. Private equity man CEO Tim Schigel led Blue Chip’s investment in ShareThis.
Now that it has users, its time for ShareThis to make living. Advertising is the sure fire route but they will have to be clever as they don't get much real estate.
ShareThis Demo
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