Scribd Banks $3.5 Million from Redpoint
Scribd, dubbed the 'YouTube for Documents,' was the dark horse of their Y Combinator class, but the social document sharing site now gives its critics pause to think. Since launching, traffic to the site scaled quickly to 75-100,000 uniques per day with a little help from popular link aggregation sites like Digg. This past month they logged 1.73 million unique visitors.
Today Kinsey Hills is back, investing another $210,000 alongside $3.5 million from Redpoint, with Geoffrey Yang joining the company's board.
Source: http://www.techcrunch.com/2007/06/04/scribd-banks-35-million-from-redpoint/
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