Facebook Gets $25MM In Funding
The hits just keep on coming. Facebook has landed an additional $25MM in funding, and Bambi Francisco is reporting that the pre-money valuation of Facebook was $525MM.
UPDATE: Matt Marshall has more on the Facebook deal here. The key strategy bits:
“Facebook has only “scratched the surface” on its efforts to expand in new markets, including international and post-graduate communities. Facebook launched a product for high schools last year, and recently launched a version of its site for mobile devices. It also introduced photo-sharing several months ago. Facebook’s Deitch said comScore data shows Facebook is the largest photo-sharing site on the Web
The company will eventually turn to developing three revenue streams, [Greylock’s] Sze said. Those include local advertisers, such as pizza companies or bookstores that want to post an ad for a local college audience; banner advertisers seeking to reach Facebook’s demographic type nationally; and sponsored groups, such as large companies sponsoring an online forum to interact with students.”
Christopher Carfi, CEO and co-founder of Cerado, looks at sales, marketing, and the business experience from the customers point of view. He currently is focused on understanding how emerging social technologies such as blogs, wikis, and social networking are enabling the creation of new types of customer-driven communities. He is the author of the Social Customer Manifesto weblog, and has been occasionally told that he drives and snowboards just a little too quickly.