MyBlogLog Founder To Launch New Startup Gnip With $1 Million In Funding

MyBlogLog founder Eric Marcoullier sold his company to Yahoo in January 2007 for an estimated $10 million. He left Yahoo in July 2007.

Eric is now preparing to launch a new startup, Gnip. Details are scarce for now – Marcoullier isn’t saying what the new startup will do other than a hint on the site itelf – “Web 2.0 Infrastructure,” and a message that the service will launch in May.

The startup is already funded, he says, with a $1 million round from Foundry Group and SoftTech VC. Foundry Group’s Brad Feld and SoftTech VC’s Jeff Clavier are joining the board of directors of the company.