Posted on 01/21/2011 3:40:32 AM PST by markomalley
A picture might be worth a thousand words, but add a cute cat and a funny caption, and you apparently have something much more valuable.
A company called Cheezburger Inc., famous for a site dedicated to these so-called LOLCats, said Tuesday that it won a whopping $30 million in funding — which it will use “to become the largest humor network in the world.” Cheezburger, which has been around since 2007, also publishes more than 40 other sites, including the FAIL Blog, which provides photographic evidence of human stupidity, usually captioned with the simple word: “Fail.”
The funding round is being led by Foundry Group — a firm that also has invested in social-gaming company Zynga. Madrona Venture Group, Avalon Ventures and SoftBank Capital also are investing.
So what do these venture capitalists see in the company? Web traffic and a high-margin business. Cheezburger cranks out posts and sites and capitalizes on Internet memes — trends that by definition are spread virally. The company says it has a fan base of 16.5 million people who view 375 million pages a month.
(Excerpt) Read more at blogs.wsj.com ...
“Thank goodness they don’t have opposable thumbs.....yet.” Ours do. They unscrew valve stem covers.
LOLOL!
You know you’ve hit the big time when you’ve been satired by the Taiwanese! I love me some kittehs...and many of the other sites run by ICHC. What a brilliant group of nerds! ;o)
O/T, but dang...that was fast.
http://www.youtube.com/watch?v=SSIQ6_AkmdQ&feature=channel
Olbermann will probably name the The Worst Person In The World...and no-one will know.
LOL!
If he’s not there to proclaim it...nobody will know...
Brilliant! lol
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.