Rafat at PaidContent.org is reporting that
Tribe.net has received another $3 million in 3rd round fund raising, bringing the total to $11 million.
Pretty good for a company whose CEO only has 18 friends, but I guess it's how
you pick 'em. Update: See comments to this post, the company says this this is actually the
first they've heard of these new funds!
Much of Tribe's support seems to come from big commercial media,
their business model appears to be advertising and probably future provision of approved user information to said big
commercial media. Controversy abounds regarding
this supposed "alternative" social networking service and it will be interesting to see how more funding and
thus more indebtedness to deep pockets plays out with the communities of users. Whatever is a successful service
to do?
Tribe.net gets more funding
Reader Comments
(Page 1)2. I guess Rafat knows more than company employees as I'm the VP of Advertising at Tribe.net and hadn't heard about this supposed funding... Sounds like just a rumor to me (but an extra $3 million would be great!). I would love to hear who it was who invested to!
Posted at 2:12PM on Feb 25th 2006 by Darian Patchin
3. Darian, thanks a lot for letting us know that! Care to take this opportunity to answer the above question about what more money means to s service built on user generated content?
Posted at 2:17PM on Feb 25th 2006 by Marshall Kirkpatrick
6. Nick, I'm not on Tribe. My personal site is marshallk.com
Posted at 1:01PM on Feb 27th 2006 by Marshall Kirkpatrick
7. @#5: I don't know what Tribe looked like before, but the current design is what attracted me there. That's just my 2-cents, taste is subjective after all.
If anything were to be changed, I would work on fixing the Amazon Wishlist and the RSS feed modules. Neither one works for me.
Posted at 1:47PM on Feb 27th 2006 by Diego
1. Would love to know what all the funding is needed for considering there are lots of sites out there running with a dozen or so people and doing just fine. The whole point of social networks is that your CPA is extremely low due to the inherent nature of the network. So you're not raising money for marketing $.
Posted at 9:30AM on Feb 25th 2006 by Wil Schroter