Publicly traded online forum owner CrowdGather said Friday that it raised $7.85 million. While the company already claims to own over 65,000 forums, chief executive Sanjay Sabnani said he plans to use
the investment to buy even more. "He's open about the fact that his strategy isn't focused on technology but rather is a 'roll up' of existing sites," Venture Beat writes of Sabnani's strategy. Forums
might not be the sexiest medium at the moment, but Sabnani believes their super-segmented communities make valuable to likeminded audiences and advertisers.
"Everyone's trying to chip
away at this -- Yelp with reviews, Facebook with chitchat, Quora with Q&A," Sabnani tells Venture Beat. "But if you're into coins, you want to go to a site called CoinTalk." Sabnani is also hoping to
apply to a national listing, whether it be on the NASDAQ, the New York Stock Exchange, or the American Stock Exchange.
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