PayPerPost Raises $7 million More
Written by on June 11th, 2007 in Ajax News.
Controversial pay-per-post startup PayPerPost has raised $7 million in a second round of financing, bringing their total raised capital to just over $10 million. Like their previous round from last October the financing was led by Draper Fisher Jurvetson, with participation from Inflexion Partners and Village Ventures. New investor DFJ Gotham, a fund affiliated with Draper Fisher Jurvetson, also participated.
It is generally a bad sign when a company is not able to bring in a new investor for a financing. The company and existing investors generally like to do so because it brings in fresh connections and ensures that a new third party is involved in valuing the round. When a company does a second round with the same investors, it can be (but isn’t always) a sign that the company is in trouble. In Pay Per Post’s case, the simplest explanation would be that most VCs want to keep their hands clean. Getting involved with PayPerPost could hurt their reputation and exclude them from other deals.
Listen to our podcast interview with founder Ted Murphy and investor Josh Stein here. The company’s profile is here.
Crunch Network: CrunchGear drool over the sexiest new gadgets and hardware.
Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/124042910/