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Monday, April 11, 2005

Del.icio.us scores in.vest.ors
Del.icio.us creater Joshua Schachter announced last night that he's taken funding from a group of investors in order to improve and expand the site and be able to work on it full time. Union Square Ventures leads the group of investors, which also includes Amazon.com, Marc Andreessen, BV Capital, Esther Dyson, Seth Goldstein, Josh Koppelman, Howard Morgan, Tim O'Reilly, and Bob Young. Exact details of the deal weren't revealed, although Schachter did say that the investment group is only taking a minority stake in the company, leaving him in control. He also said that his first priority is to improve reliability and responsiveness, after which he'll begin rolling out new features.

[Via Joi Ito]
:: posted by Donald Melanson, 6:46 PM Comments (0)
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