Seeing Interactive (YC W10) Raises Seed From Baseline & Lerer Ventures

http://techcrunch.com/2010/06/28/seeing-interactive/

by lloydarmbrust • 16 years ago

58 16 16 years ago

pmjordan• 16 years ago

$1m is a "seed round" these days? The mind boggles. In any case, congratulations!

I find it fascinating how crowded the local advertising space seems to be, but different approaches seem to work in different places.

aditya• 16 years ago

Local is a _really_ hard market, and having cash in the bank removes atleast one big obstacle which threatens your survival.

That being said it seems like since there's so many angels around these days, raising money for a startup perceived to be hot is not that hard. The problem with raising a large round is obviously that you're either diluting yourself too much early on or raising the valuation too high for the next round. But hey, if you need the cash, why not?

callmeed2• 16 years ago

Newspapers aren't exactly in a "growth industry" ... I'm trying to see how this threatens the Yellow Pages to any degree.

lloydarmbrust3• 16 years ago

Really? The YP industry lost 25% market share last year. Print YellowPages is gone in 5 years. Local businesses literally hate YP reps because they only enter their market once a year looking to collect their "protection money". Contrast that to their Newspaper reps who they actually like and have an industry average of 10 years experience.

callmeed2• 16 years ago

I agree the YP industry is dying, but that is happening regardless. I doubt YP print is losing market share to print papers, and I'd like to see sources showing that newspaper websites are taking share from yp.com ... my guess is that they're both losing market share to Google, Yahoo!, AOL, and (soon) mobile ad networks.

thunk2• 16 years ago

My, these headlines can get difficult to parse. "What is an 'interactive raise'? And what does it mean for one to seed?"

lloydarmbrust3• 16 years ago

Yeah. Poor company name. Maybe we should have gone with "Newpaperly".

jnovek• 16 years ago

Don't you mean that we should have gone with "Newspaperly"? The .net is available!

thunk2• 16 years ago

Hehehe. No, I think your name is great. I say more unintentional headline poetry!

timcederman• 16 years ago

Congratulations guys. I am very impressed with what you've done so far.

By the way, I didn't know joshu was part of this round?

rgrieselhuber• 16 years ago

Congrats!

drusenko• 16 years ago

congrats guys! good to finally see a public launch!

troyk• 16 years ago

Congrats -- Go get'm texas!

Seeing Interactive (YC W10) Raises Seed From Baseline & Lerer Ventures

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