8/7/2019 Scribd Raises Venture Financing, Scribd Blog,
6.20.07
2/2
Scribd Raises Venture Financing
June 20, 2007
Although this happened a while ago, we figured we should at
least mention our venture round atsome point in the Scribd blog it
is pretty big news for Scribd! You can read about this onTechCrunch
here, which is the first place the news was covered correctly.
Scribd raised $3.5 million from Redpoint Ventures as well as
$210,000 from the Kinsey Hills Group.Along with this money, Geoff
Yang, who has invested in companies such as MySpace,
AskJeeves,Tivo, and Excite, has joined our board of directors. We
like Geoff and the other guys at Redpoint a lotand are very excited
to work with them moving forward. The investment from Ed Kinsey and
MikeHills is in addition to the $40,000 they gave us pre-launch
that allowed us to get off the ground.
We plan to use this money to help make Scribd better. Were
hiring several people to help us withthings like adding lots of
cool features, making sure 100% of the documents convert correctly,
andresponding to all of the great feedback we get from users. Were
also going to be moving out of our
San Francisco apartment and into a real office where all of us
can work together.
http://www.techcrunch.com/2007/06/04/scribd-banks-35-million-from-redpoint/http://www.techcrunch.com/2007/06/04/scribd-banks-35-million-from-redpoint/
