Reddit Raises New $50 Million Round Of Funding

Reddit said on Tuesday that it has closed a new $50 million round of outside funding led by Y Combinator President Sam Altman with participation from Sequoia Capital’s Alfred Lin and Andreessen Horowitz’s Marc Andreessen. Other investors mentioned further down…

Ark People-Search Engine Raises $4.2 Million

Liz Gannes over at All Things D is reporting that “people-search” engine Ark has just raised $4.2 million during its recent seed round. Ark is a website that promises to help searchers find old acquaintances and new friends based on…

Facebook, Venture Firm Partner To Support Startups

Social-minded startups with ties to Y Combinator, a well-known provider of seed funding, will soon get another benefit from the relationship.  Last night, Facebook announced that it will provide support to the startups in a number of ways.

Don’t look for more money to change hands; Facebook hasn’t quite decided to become a venture capital firm.  The organization’s ready to lend just about every other form of assistance imaginable, though.