Meebo confirmed (Dec ’05) that they have received funding from Sequoia Capital on their blog. Meebo.com is a website for instant messaging from absolutely anywhere. Whether you’re at home, on campus, at work, or traveling foreign lands, hop over to meebo.com on any computer to access all of your buddies (on AIM, Yahoo!, MSN, Google Talk, ICQ and Jabber) and chat with them, no downloads or installs required, for free!
Meebo launched in September 2005 and received funding from Sequoia Capital in December 2005 and Draper Fisher Jurvetson in January 2007. Today, Meebo’s users exchange over 100 million instant messages daily.In early 2007, Meebo gets another $9 million from Draper Fisher Jurvetson and Sequoia Capital. Skype’s lead investor and YouTube’s lead investor are teaming up. Tim Draper, one of the early investors in Skype, did the deal for DFJ. Meebo’s total funding is now $12.5 million.
Please note this posting is reporting a funding which happened in 2005 and 2007. Web 2.0 Money is a new initiative of Web 2.0 Innovations to discover, report and analyze the money behind the Technology and Internet Industries. We start from some of the earliest funding deals we know about.
[ via meebo.com’s blog ]
[ via business2.com ]
[ via Techcrunch ]
Web 2.0 Money is a new initiative of Web 2.0 Innovations to discover, report and analyze the money behind the Technology and Internet Industries. We will start from some of the earliest funding deals we know about as discovered by us at the following web addresses through out the past year and a half:
We do believe there is a significant correlation between the web 2.0 industry at all and the money within. Although the vast majority of the great web 2.0 innovations that took place over the past 2 years were either funded or acquired we still see a pretty large number of web 2.0 innovative projects, start-ups and companies with little to no money allocated to them.
Based on our observation and despite that many people are claiming that no location plays any role where innovation happens (although some do), it appears that 90% of all funding and acquisition deals that took place within the web 2.0 industry sector since 2005 happened to be in California and Silicon Valley in particular. 5% or something did happen in the rest of US as again only a few states dominated like New York, Massachusetts, Illinois, Virginia, Texas and one, as far as we know, in Indiana, a deal on a company, which many IT experts and influencers disagreed to be considered web 2.0 innovation. The rest of the deals appeared on the business map of just a few more countries such as U.K., Sweden, Norway, France, China and one in Singapore.
Basic conclusion: while it might be true that web 2.0 innovation is happening all over the world, it clearly seems the money from web 2.0 innovations can only be made within the US.