Bypassing the traditional venture capital route, Change.org has raised $25 million directly from a few tech gods, including Bill Gates, Jerry Yang, and Evan Williams. The New York Times call it
“a twist on how Silicon Valley companies are financed.” For the uninitiated, “Change.org lets users create online petitions that call on governments and companies to act on specific
issues,” NYT notes. The star-tup has already raised close to $20 million.
Read the whole story at The New York Times »