Web 2.0 - Tuesday, December 23, 2008
Group Blogging Via Email's Posterous Raises $725K
The main stream media analysts keep writing articles, like this one today on Marketwatch, indicating that niche Web 2.0 startups like Posterous make no sense in the new dead economy. And yet here comes Posterous with its catchy name and cool kid founders and ever more simple way to post thoughts on the net.
Given how much work we have put into our Movable Type platform over the years, it does seem like a breath of fresh air to hear that with Posterous we can just email our posts with a photo and Posterous will take care of the rest. The catch is that you really should be a blogging newbie to jump in as you'd probably want to ditch your platform to use it, and then if you have to chose you might just invest your time in Twitter.
San Francisco-based Posterous has just closed an angel round at $725K. PaidContent indicates that Zimbra CEO Satish Dharmaraj and former Netscape CEO Eric Hahn led the round, with additional funds from XG Ventures, Mitch Kapor, AND Guy Kawasaki. Y Combinator was first with a $15K seed round in May.
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Posterous is a fine example of what's working even in this dour economy: a laser-focused product with a specific audience that loves to use it. You can't go wrong with that, so long as there isn't another service out there that does the exact same thing. :)
Posted by: Easton Ellsworth, TechStartups.com at December 30, 2008 03:13 AM
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