Gather.com Garners $5,300,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf4e90d2-a67a-4457-ae80-360e1b6573ec&Preview=1 -
Date
6/9/2009 -
Company Name
Gather.com -
Mailing Address
99 Summer Street, 7th Floor Boston, MA 02110 -
Company Description
Gather will make money by displaying advertising to people who use Gather’s services. It just seems fair that we share our advertising revenue with you based on the quality and popularity of the content you contribute on Gather. We will also share some of our revenue with you if you choose to use the site actively, exploring content that others write, searching on Gather and on the web, and inviting your friends, family, and colleagues to use the site. We will pay occasional users in points that you will be able to use to purchase goods and services from Gather partners in a few months. We will pay frequent users, who write great content consistently, in cash if they choose. -
Website
http://www.gather.com -
Transaction Type
Venture Equity -
Transaction Amount
$5,300,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
American Public Media -
Venture Investor
Allen & Company, LLC -
Venture Investor
Hill Holiday -
Venture Investor
The McGraw-Hill Companies -
Venture Investor
Southern California Public Radio -
Venture Investor
Undisclosed
