Meebo Closes Big Funding Round

Trackbacks/Pings (Trackback URL)

1. Edwin Khodabakchian
   

   April 30th, 2008 at 2:15 pm

   Mike, do you know how many active users they have and if they have any revenue and if so how much? As nuclear as the winter might end up being, 20M is a lot of money. It will be interesting to see if they plan to continue doing what they do or try to branch out to new directions.

2. no gphone
   

   April 30th, 2008 at 2:25 pm

   meebo gets like 1mill in revenue, im neutral on meebo, its a good site/company but i dont know if they are worth 200 mill.

3. Andy Gongea
   

   April 30th, 2008 at 2:27 pm

   They sure know how to squeeze the juice.
   20 is a big number for a small revenue site from my point of view. It will be nice to use it in developing a more powerful API first

   Anyway, Go Meebo

4. jenkins
   

   April 30th, 2008 at 2:35 pm

   so, let me translate since Michael probably doesn’t fully understand the code language here:

   They tried *hard* to sell under the guise of “we’re trying to raise some money, would you like to invest?” When that failed they went to typical financial investors and raised a round because they don’t have a revenue model and they know they’ll get wiped out by the economic downturn.

5. Trevor Plantagenet
   

   April 30th, 2008 at 2:41 pm

   Every time a Web 2.0 company gets a valuation over $100M in an investment round, it’s another nail in the coffin for Web 2.0. How much of a step-up from that valuation will the investors need to see? How many companies are going to see exits in that range, and why would someone buy them in a year who wouldn’t buy them today?

6. Shafqat
   

   April 30th, 2008 at 2:52 pm

   Meebo is a great service, but $200mil? I always argue that the ‘web 2.0 bubble’ isn’t really that bubble-like given the much smaller scale of investments compared to 2000. But when companies like Meebo are taking over 30M on a 200M valuation, I start to wonder. All said, I think the tool is awesome and millions of users do find it useful - they just need to figure out how to monetize it. Rumors are that they have started to do just that.

7. Andrew
   

   April 30th, 2008 at 2:57 pm

   My guess would be that investors have been shown a native iPhone Meebo app behind the scenes

8. Juan Saldivar
   

   April 30th, 2008 at 3:26 pm

   bubble burst

9. Lame
   

   April 30th, 2008 at 3:44 pm

   What exactly is Meebo good for again? It’s already getting blocked by schools and corporate networks which were the whole reason it took off in the first place and it’s built on other IM clients which will eventually screw it over. That’s like building a business on top of a glacier in the middle of El Nino.

10. Fabian Schonholz
    

    April 30th, 2008 at 4:47 pm

    However the cookie crumbles, congrats to Meebo.

11. Kobe for MVP
    

    April 30th, 2008 at 4:53 pm

    this is retarded and sad….

12. VJ
    

    April 30th, 2008 at 11:38 pm

    Strategic investments from TWX TimeWarner, KTB( Korean) , Jafco Ventures (Japan) , Sequoia and DFJ . Net traffic, movies, music, Asian market expansion, a solid team of fantastic engineers. I guess investors probably are not much concerned about Meebo revenues at this point in time. Risky bets bring greater rewards. Their site is very useful and super easy to use. My kids and their friends love it.

13. dating
    

    May 1st, 2008 at 5:51 am

    There is a really kool site with blogs to,Its like match,youtube and myspace all in one and more. If you get bored stop by.