Technorati, Socialtext Raise Financing

In: industry players & news|people

23 Aug 2004

Joi Ito is an investor in both, as well as in Six Apart. Loic le Meur and Reid Hoffman (of LinkedIn fame) also have a stake in Socialtext and Six Apart. I have a hard time thinking that some if not all of those four companies won’t somehow be merged within the next two years, since they’re all facets of the same thing.
Following its Craig’s List investment, I also believe eBay is the most likely acquirer of that social web editing and identity conglomerate in the making, which should be a piece of cake to set up through the Hoffman and Omidyar connections. Identity and trust are central to eBay, so this could make sense in several ways.
It’s also interesting to see Hoffman and Mark Pincus (Tribe.net) invest in the same company, as the social networking space will of course need to go through a lot of consolidation probably starting next year if not sooner.
Update: Pierre Omidyar: What I’ve been up to.
09/30/04 update: Esther Dyson, Reid Hoffman and Joi Ito invest in Flickr. These people hunt in packs!
12/15/04 update: Feedster Becomes Omidyar Network Partner.
01/17/05 update: omidyar.net FAQ.

1 Response to Technorati, Socialtext Raise Financing

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Julio Alonso

September 30th, 2004 at 3:50 pm

Boy, what’s the minimum investing amount to join the wolf’s pack? I better ask Loic :)

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