Digital media startup and online news platform Business Insider has raised $7 million in new funding. The round was led by new investor IVP, writes the site’s co-founder and CEO Henry Blodget. The company had previously raised funding from RRE Ventures, Allen & Co., Marc Andreessen, Gordon Crovitz, Ken Lerer, and others. This latest round bring Business Insider’s total funding to nearly $14… → Read More
The Business Insider is now profitable—just barely. In a post this morning reporting the digital media startup’s revenues, operating profits, and other metrics, Henry Blodget reveals that his collection of bloggy news sites and budding conferences eked out a net profit of $2,127, on revenues of $4.8 million last year. It’s about enough, Blodget notes, for a MacBook Pro.
But that’s actually… → Read More
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