Wow, congrats to Socialtext. A very strong sign that the Internet and IT bounces back even if it is different to what we expected. Nobody ever thought that Social Software and the like will ever generate revenues - at least not 2 years ago.
Read the full **Academy Awards Acceptance Speech** it’s worth the link is below..
Pierre invests in SocialtextPierre Omidyar the founder of eBay has a new project called the Omidyar Network. They just invested in SocialText, a wiki company that I’ve invested in and am on the board of. Pierre blogs about the Omidyar network and the investment in Socialtext. If you have heard of the Omidyar Network:
We believe every individual
has the power to make a difference.We exist for one single purpose:
So that more and more people discover their own
power to make good things happen.We are actively building a network of participants
because we know we can’t do this alone.Other investors in this Series A funding include Reid Hoffman, Mark Pincus and Jun Makihara. Full story on Socialtext page. Congrats and thanks to all involved.
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