Thursday, February 01, 2007

Flixster Gets Funded

Flixster, a San Francisco based social network where users rate and discuss movies, closed a round of financing today with LightSpeed Ventures. This seems to be a small round of financing - $2 million or less. Blogs reported that Sequoia Capital was competing LightSpeed Ventures in the deal (even Kleiner Perkins was involved). Flixster has recently seen very heavy user registration and page views growth, "so a sub-$10 million valuation, which this deal almost certainly was, could be considered quite cheap" reported TechCrunch.

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