It looks like Y Combinator funded Scribd, a “YouTube for documents” is close to closing its first round of financing, possibly from Redpoint Ventures. Om says this is done; our sources say it will close next week. The rumored valuation of more than $10 million is very high, although the current trend is for entrepreneurs to take big money when it’s offered.
Latest From TechCrunch
Optimization startup SigOpt raises $6.6M| Anthony Ha
Uber offers retirement plans to drivers as legal battle continues| Kate Conger
MIT’s new way to make metal could significantly lower air pollutants| Darrell Etherington
Ford leads $24M investment in India-based vehicle rental company Zoomcar| Jon Russell