Peter Kafka

Recent Posts by Peter Kafka

Hunch Gets It Right, Adds a $10 Million Series B Round Led by Khosla Ventures

Hunch, a buzzy start-up that answers questions using crowdsourced recommendations, has resolved one query of its own: Who’s going to fund our B round?

Sources tell me that Khosla Ventures is leading a new round that will add another $10 million to $12 million to the start-up’s bank account. General Catalyst Partners, Bessemer Venture Partners, and Ron Conway, who put $2 million into the company a year ago, are reinvesting.

I’m told that Gideon Yu, the former CFO of both Facebook and YouTube, is steering the investment for Khosla.

Hunch was co-founded by Caterina Fake, who founded Flickr and sold it to Yahoo (YHOO) in 2005, and Chris Dixon, who built SiteAdvisor and sold it to McAfee (MFE) in 2006.

Hunch is still a modest-sized site–its internal numbers put it at 1.2 million unique visitors–but Fake and Dixon are well-regarded entrepreneurs. And while they don’t like to be compared with Aardvark, which has a vaguely similar concept, the linkage does have some upside: Last month, Google (GOOG) bought that site for $50 million.

I asked Fake, Dixon and Yu for comment. Until I hear from them, you can read up on Hunch in Kara Swisher’s story from last month. Or you can watch this interview.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik