Funny or Die: Funny Yes, But Where Is All the Money It Raised?
Formed three years ago, the comedy video site Funny or Die has already pulled in close to $20 million from Sequoia Capital, HBO, and angel investors like Reid Hoffman and Ron Conway. As of earlier this year, the company, which combines original programming with user-generated content, was looking to raise even more, according to a source close to the company. Contacted yesterday, CEO Dick Glover declined to be interviewed about Funny or Die, emailing instead that the startup "is not looking for more funding.” Instead, he suggested that it’s about to start investing money. According to Glover, Funny or Die is setting up a “separate fund” for “other purposes.”
7 April 2010•3 mins read
