Meebo Announces $9 Million Series B Round
by Michael Arrington on January 17, 2007

Meebo, a site where users can access all of their instant messaging applications in a single browser window, is announcing a $9 million Series B round of financing from Draper Fisher Jurvetson this evening, adding to the $3.5 million they raised from Sequoia in December 2005. As part of the round, Tim Draper is joining Meebo’s board of directors.

Our first post on Meebo was written the day it launched in September 2005. Since then we’ve watched them grow significantly (see our coverage here).

Meebo competitors include eBuddy, KoolIM and others listed here.

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SomeGuy: maybe just maybe Rosie O’Donnell has come up with a solution to The Donald’s hair problems. And I’m sure the management team at GM knows something we don’t about how they’re going to come back to dominate the auto market.

Alaska: you forgot $500 for the LED sign they installed that display usage stats. Your hosting numbers are way off, as pointed out. And do you believe the 5 jobs they’ve got posted as available are paying $40,000/year? You can’t find a qualified engineers in the Bay Area willing to accept that. They wouldn’t be able to afford to live. And don’t forget that the actual costs to the company are greater when you factor in benefits, etc. There are lots of little costs you overlook (telephones, accounting, legal, payment to misc. vendors, etc.).

 

Drama you got it wrong Alaska reckons these guys get $40K a month ($480K a year) OMG year right - look closer - his numbers are completely wrong. Then he actually believed his miscalculation haha.

 

Must agree with “Disappointed Entrepreneur” comments above, it is a silly game, not at all based on merit, but on hype and location. It’s too bad to, as many useful and deserving ideas, concepts and apps loose there way to the top.

 

This whole Meebo thing is gettin way over rated..

They haven’t made a single buck and now they get 9 million dollars? Where’s the business model? From Bubble to burst :)

Besides the whole IM web messenger market is way over crowded.

The Meebo widget is cool but the actual chat site doesn’t quiet make it for me. There plenty of other web messengers just as good if not better. Nice Meebo gets funded but where is this all going?

 
Disappointed Entrepreneur - January 19th, 2007 at 11:47 am PST

>>45. Everyone pointed out your numbers are way off, so I won’t touch that.

Even if you were close, what does the fact that they will burn through their cash in 1.5 - 2 years have anything to do with 1) being a good product 2) proving otherwise to the point of misplaced capital??

 

Disappointed,

Why are you such a hater? Get off your lazy ass and quit complaining. Nobody gives a shit what you think. LPs of the VC’s know there will be capital placed in deals that go nowhere. Do you think they just fell off of the turnip truck?

I would be disappointed if I were you too because you clearly spend too much time whining about what you don’t have. If you had any balls you would be on Sand Hill Rd knocking on doors to get meeting with VC dollars but instead you complain that Stanford kids get all the money. You will always be disappointed because you’re a dipshit and a nosey one at that. Oh and by the way, Stanford kids were the brains behind Google, Yahoo, and about another trillion $ in market cap you ignorant POS.

 

Check out the new embedded version of Kool IM.

http://www.koolim.com

 

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