Slideshow: Top 10 Largest First Rounds for Internet Companies this Year
Forty-one million dollars for an Internet company. That’s what Sequoia Capital, Bain Capital Ventures and Silicon Valley Bank invested in Color, which makes a social networking application that lets users share photos with their smartphones. It’s an astonishing number. Financial blogger Paul Kedrosky tweeted: “Sequoia, et al gives pre-launch photo-sharing startup $41m, or ‘more than money than they gave Google’. That sound? Jaw hitting floor.” I did some checking in Thomson Reuters’ VC deals database and as far as I can tell, the Color deal is the largest first round for an early stage Internet service, software or content company this year and the third largest
24 March 2011•3 mins read
