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Crowdfunding Startup Indiegogo Gets $40M

As it turns out, people just love giving money to friends, family, and complete strangers -- so long as the recipients have articulated a clear vision for the investment on a crowdfunding site like Kickstarter. As such, Indiegogo, another fund-raising site, just raised $40 in a Series B round of venture financing led by IVP and Kleiner Perkins. “The infusion of money adds another notch of credibility and legitimacy to crowdfunding,” The New York Times’ Bits blog writes.

Read the whole story at The New York Times »

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