Sometimes the simplest ideas are best. While a number of startups are working to bring the whole process of creating presentations online, SlideShare recognizes that many people are mostly satisfied with PowerPoint or Keynote. They just want an easy way to share their traditional presentation files with others.
The company, which launched in 2006 and later added audio synchronization, took the YouTube strategy of creating a place where people could upload, share, and embed their media. And now they've raised a $3 million from Venrock and a handful of notable angel investors in its first major round of funding, which should help them pursue that strategy further (i.e. build as massive user base as possible). Oh, and fight off future denial of service attacks and increase capacity.
Individual investors include Dave McClure, Ariel Poler, Mark Cuban, Jonathan Abrams, Hal Varian, Yee Lee, and Saul Klein. Many of them actually came to know SlideShare as normal customers and only decided to invest once realizing how handy it was. David Siminoff will also join SlideShare's board.
SlideShare is using some of the money to relocate from Mountain View to San Francisco, where they'll have a larger office. It will also grow its team from about 10 people to 18, mostly with local hires even though the bulk of its development occurs in India.
Of course, we've been given a press release in the form of an embeddable slideshow, inserted below. Way to go on the blatant self-promotion, Dave.