San Francisco based Posterous, a fast growing publishing platform, has taken a $4.4 million investment from Redpoint Ventures. Partner Satish Dharmaraj, who is also an individual investor in Posterous, led the round and joins the company’s board of directors (and he maintains his personal blog at Posterous here).
Posterous, founded in 2008 by Sachin Agarwal, Garry Tan and Brett Gibson, is a Y Combinator company that began as a way for users to very easily post pictures online. Its appeal lies in its simplicity – users can just email a photo to email@example.com and an account is immediately created for them. But today people are using Posterous for videos and text blogs as well. Users can change the CSS and even use their own domain names – see Guy Kawasaki’s HolKaw blog, for example, which is run by Posterous.
The company does have revenue, such as this early deal with Coca Cola for a branded site, but has stood firm in keeping the “nickel and dime” consumer fees out of the product. There are no restrictions on usage, storage, CSS customization or using your own domain, says the company.
All that simplicity and freeness has resulted in a lot of growth for the company. They have 12 million unique monthly visitors, they say, and 25 million page views. And they grew 30% per month in 2009, all with just 4 employees (they are up to 6 now).
CEO Sachin Agarwal says that they want to continue to add new products that make it dead simple to post and share content online: “Our goal is to become synonymous with “posting” just like Google is synonymous with “search”. Doesn’t matter if it’s for twitter or a blog, private or public, group or individual. if you need it online, you go to Posterous.”
Posterous emerged from Y Combinator in the summer of 2008 as an innovative company focused on making blogging simple - as simple as sending an email - and now has more than 15 million monthly users. With the launch of Posterous Spaces, the company is bringing its trademark simplicity to help people share smarter with intuitive privacy controls to share selectively across multiple platforms.
Redpoint Ventures has helped entrepreneurs build innovative businesses that defy convention, shape the future, and change the world. From early investments in industry pioneers like Netflix, TiVo, and Juniper to companies such as Right Media, Zimbra, Heroku, LifeSize, Danger, Fortinet, and Pinwheel, we stand behind our entrepreneurs helping them go all the way to the top. With our deep experience and focus on quality, we offer entrepreneurs a culture and approach that values mutual respect, meaningful relationships, and...
Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting along with other opportunities to 2-4 person companies looking to take an idea to a product. Y Combinator looks for companies with “good” ideas over companies with experience and a business model. The company made its first investments in Summer 2005. Y Combinator selects companies to finance and consult with twice a year. They are located in...