Ina Fried

Recent Posts by Ina Fried

Bump Taps Into New Funding, Adds Andreessen, McAdoo to Board

Mobile social firm Bump announced on Monday night that it has landed $16 million in Series B funding from investors including Andreessen Horowitz and Sequoia. WIth the new investment, Marc Andreessen will be joining the board of Bump as will Greg McAdoo from Sequoia.

In a blog post, co-founder David Lieb said the 15-person company now has more than 25 million users for its mobile-to-mobile information-sharing service, which runs on Apple’s iOS and Google’s Android operating systems. “This round of financing solidifies our priorities to build a world-class engineering and product organization here in Silicon Valley,” Lieb said.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald