Gather.com Secures $1,800,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8de3654f-dddd-44b9-a690-1a014bd1d7df&Preview=1 -
Date
11/24/2010 -
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
$1,800,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
Pilot House Ventures Group -
Venture Investor
Hearst Interactive Media -
Venture Investor
Progress Ventures -
Venture Investor
Individual Investor
