Scribd Rocking Along, Rumored Financing

It looks like Y Combinator funded Scribd, a “YouTube for documents” is close to closing its first round of financing, possibly from Redpoint Ventures. Om says this is done; our sources say it will close next week. The rumored valuation of more than $10 million is very high, although the current trend is for entrepreneurs to take big money when it’s offered.

We’ve been tracking them since early last month when they launched, and Nick Gonzalez recently noted that their growth spiked immediately from launch and hasn’t slowed down much since.