Startups and Funding: December 2007 Archives

Michael Arrington reports that the Founders Fund has closed its second fund.  FF is an interesting creature - a fund created by successful entrepreneurs (mostly from PayPal).  Their structure and their terms and conditions are different from traditional VCs, more relaxed and more fair towards the founders who are getting the money.  The second round is not money from entrepreneurs though - external investors are involved.  So it'll be interesting if that influences the way FF will deal with their upcoming fundings...

Over the past five years a number of companies tried to pull off the concept of making voice a web service.  None of them quite succeeded, for various reasons.  Now with Web 2.0 being all over the place Ribbit seems to be the new kid in the block trying to do the same albeit with more 2.0ish buzz words.  Apparently they have done well in getting VC funding - but then all others like Sylantro were well funded.

It'll be interesting to see if this one too bites the dust at some point, or we will finally have a voice 2.0 platform...