USV Managing Partner Burnham will be joining the fledgling company’s board. He writes:
The company is young and under staffed so there are definitely holes Gabriel hopes to fill, but his observation that “traditional algorithmic signals are not the only authority on the web,” and his clever use of real authorities to curate search results makes Duck Duck Go an interesting alternative to your everyday brand.
It’s unclear how much USV invested in the company, but we’re digging for more info.
From Weinberg’s blog post on the fundraising:
My original plan was to delay raising capital until I saw a compelling reason to do so, perhaps forever. For better or worse, I stuck to that plan, which ended up being about a 3.5yr delay.
And here’s how DuckDuckGo is growing, according to its internal stats.
“Union Square Ventures is an early stage venture capital firm based in New York City. We invest in young companies that use information technology in innovative ways to create high growth business opportunities in the Media, Marketing, Financial Services, Telecommunications, and Healthcare industries. Our venture capital firm was conceived as a place where a small number of very experienced investment professionals, working collaboratively from a single office, could build a portfolio of promising startup companies and then put our experience...