AFCV Holdings, a portfolio company of growth equity investor Summit Partners, is axing the majority of people working for Q&A site Answers.com parent company Answers Corporation, which it acquired earlier this year for $127 million in cash.
Let me start with a disclaimer: I am not writing this in my capacity as a university professor or researcher; I don’t claim to be an expert on social networking; and I will be happy to be proven wrong—I have no vested interest in the success or failure of Quora. And given the fire I’ve already taken for tweeting an opinion that defies the Valley’s infinite wisdom, I know that this post… → Read More
An insane number of searches on the web involve people asking questions. Sometimes they’re good questions, sometimes they’re stupid questions, sometimes they’re insane questions. Just start typing something into Google beginning with the words “How” or “Why” for proof of this — the auto-suggest speaks for itself. Sadly, Google isn’t great at answering questions because they’re a search engine… → Read More
Every big publisher on the Web wants to be able to serve up ad-friendly videos, but creating them can be a pain. But there are already plenty of high-quality videos out there in every subject imaginable. With that in mind, Answers.com has quietly launched Video Answers with about 200,000 videos from video distribution network 5min on everything from home repair and fashion tips to cars and… → Read More
Twitter has always been good for getting immediate answers to the most esoteric questions. Usually it is someone who is following you who supplies the answer, and those are always the best ones. But Q&A sites also want in on the supplying answers to people with questions on Twitter.
What site has jumped five spots between August and September to become the 13th most visited site in the US, leapfrogging properties like New York Times and Viacom Digital?
Here are some hints: It’s listed on the NASDAQ. It was founded in Israel and its R&D center is located in Jerusalem. It has raised funding from high-profile angel investors Dr. Yossi Vardi and Ron Conway. Can you name the… → Read More
One of the most active sub-genres of search right now in terms of startup and new product activity is question and answer sites. Some searches are subjective and best answered by another human being. The success of Yahoo Answers proved this and spurred a raft of competitors to try their own hand at making Q&A better. These include Answerbag, Wiki Answers, Mahalo Answers, Aardvark, and … → Read More
Question and answer reference site Answers.com has purchased Dictionary.com’s parent company, Lexico Publishing, for $100 million in cash. Lexico can really serve all your lexical needs because it also owns Thesaurus.com and Reference.com. The deal is expected to close later this fall. The deal has some major benefits for Answers.com. In 2006, Lexico generated revenues of $7 million, EBITDA… → Read More