docstoc

Docstoc Says Big Round Of Funding Coming; Counting Unhatched Chickens

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WebbAlert Day 2: This Show Rocks

Here’s an interesting email that was forwarded to me this morning: Docstoc, a Los Angeles based startup that we wrote about in early July, says they are close to closing a “substantial” round of funding from a number of potential investors. There’s something to that saying that you shouldn’t count your chickens before they hatch, but the fear and caution genes are rarely found in the entrepreneur’s genetic makeup. There was additional information in the email we’re not publishing as it was too sensitive. We did not receive a reply back from the company regarding this.

From the video we embedded in our earlier post, Docstop looks to be a competitor to Scribd and allows users to post and discuss documents in various file formats. Beyond that, we’ll have to wait for the launch.

We are about to close another substantial round of financing from at least one, if not all, of the following investors 1) one of the co-founders of mysapce 2) the angel investors in http://www.baidu.com and the head of mp3.com that lead the company to its 400M acquisition – at least one of these players will lead our next round, and all three parties may participate. Financing is expected to close by the end of the month.

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