Around the Net

Hot Startup Quara Gets Benchmark Backing

Quara, a startup founded by ex-Facebook employees, has closed a first round of funding led by Benchmark Capital. A source tells TechCrunch that they've raised $11 million at a valuation of $86 million. Founded in June 2008, Quora launched a private invite-only beta earlier this year. Quora is a network of questions and answers created, edited, and organized by its community.

"To get in you have to convince a current user to use one of their ten invitations on you," writes TechCrunch. "It's one of the hottest private beta tickets in town ... And for a question and answer site that's saying something." Co-founders Adam D'Angelo and Charlie Cheever tell the blog not to expect a big, official launch, but rather a gradual roll out. In the vaguest of terms, they estimate the about "90% of the information that people have is still in their heads, not on the internet," and it will be Quara's job to get that information out of them.



Read the whole story at TechCrunch »

Next story loading loading..