Here’s something we dug up while talking to people about the FilmLoop DeadPool post. The the size of the round of financing that Slide announced in November, funded by Mayfield Fund, Khosla Ventures, BlueRun Ventures and Founders Fund was not disclosed by the company. But we’re hearing it was in the $20 million range, with a post money valuation between $60 and $80 million.
That’s a…wonderful…valuation for a company that is pre-revenue, although the company will argue that the adoption of Slide by MySpacers eager to show off their photos to their friends is YouTube-like. Still, that’s a lot of money for a company in deep competition with Photobucket, RockYou, FilmLoop and others.
Slide took a big risk early in 2006 by giving users the ability to auto-insert slide shows into their MySpace pages and blasting bulletins out to all their friends. They did this by asking users to hand over their MySpace credentials, and doing all the hard work for them. This is a clear violation of MySpace’s terms of service, though, and most people, including Slide, expected to receive a cease and desist letter and/or get access turned off. But that never happened, and Slide’s big bet has paid off. So far.