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fbFund Articles

fbFund No More?

Things have been a little slow on the fbFund front this year. The site hasn’t posed an update since January, and you probably won’t be hearing about new ventures anytime soon.

Inside Facebook reports that fbFund appears to be "mothballed". fbFund is a seed fund and joint venture run by Facebook Founders Fund and Accel Partners. Investment capital for the fund was provided by these entities.

Big Money in Facebook Marketing
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Wildfire Interactive has received $4.04MM in Series A funding lead by Summit Partners. Additional investors include Jeff Clavier, Aydin Senkut and Gary Vaynerchuk. CEO Victoria Ransom tells WebProNews, "To our knowledge, we are the first fbFund company to raise a multi-million dollar round." fbFund is a $10M seed fund and joint venture partially run by Facebook.

Facebook Names 25 fbFund Finalists

Earlier today, a report pointed out that the revenue generated by Facebook apps is about equal to what the social networking site itself pulls in.  Both businesspeople and ordinary users may be interested to know, then, that 25 Facebook apps and Connect sites have been named fbFund 2009 finalists. 

Facebook Supporting Legislation Fighting Sexual Predators

Facebook, Facebook. A year ago, it seemed we could hardly go a day without some newsworthy tidbit from the sweetheart of the social networking scene. These days, positive headlines—or any at all, since “ink is ink”—are much fewer and further between. But today, Facebook has two reasons to make the news: they’ve endorsed the new KIDS Act from the US federal government and they’re finally disbursing the fbFund for startups.

fbFund Gives Financial Awards To Facebook Apps
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As someone who’s not too fond of Facebook applications, I must say that this development reminds me of Monty Python’s “Upper Class Twit of the Year” sketch.  But it’s likely that, by paying people to develop apps, the newly founded fbFund is trying to undo such associations.