Peter Kafka

Recent Posts by Peter Kafka

Q&A Service ChaCha Raises $20 Million More

Q&A service ChaCha, which has already raised $52 million in funding, has added another $20 million. This round was led by Rho Ventures and VantagePoint, and sources familiar with the transaction insist that the money is for growth and not liquidity for early investors. ChaCha competes in a field chock-full of rivals, from Yahoo and Answers.com down to new entrants like Quora. The company last raised $7 million in an E round in December 2009; the company claims to reach 15 million unique users between its online and mobile platforms.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work