Thursday, December 11, 2008
Who Said Web 2.0 Was R.I.P.? Microblog Tumblr Raises $4.5 Million, Expectations
Tumblr is exactly the kind of start-up that’s supposed to be gasping for air in today’s dismal economy: A trendy but niche Web service with a prominent founder and exactly zero revenue. Instead, it has raised a $4.5 million funding round from Union Square Ventures and Spark Capital, which values the company at around $15 million.



