Liz Gannes

Recent Posts by Liz Gannes

Silicon Valley Investors Flock to Massive Upstart Humor Site 9GAG

9GAG — the fast-growing community site for memes, comics and other Internet humor — has raised $2.8 million.

I wrote a profile of 9GAG — which went through Dave McClure’s 500 Startups incubator, kind of — back in April. That story mentioned this round of funding and the names of some of the investors, though the company wouldn’t confirm it at the time.

What’s interesting to note now is who has invested, particularly since there’s a lot of derision for 9GAG from the denizens of message board sites like Reddit and 4chan, who say it rips off their content. Of course, Reddit and 4chan aren’t exactly traditional investment opportunities.

Silicon Valley investors have flocked to put their money into Hong Kong-based 9GAG. The seed round was led by True Ventures and Freestyle Capital, with Greycroft Partners, 500 Startups, Scott Banister, Chris Sacca, David Tisch, Kevin Rose, Tim Ferriss, Gary Vaynerchuk, Ben Ling, Karl Jacob, James Hong, Philip Kaplan and others.

Why? Because 9GAG is huge. It has more than 70 million global unique visitors and more than a billion page views — per month.

For instance, investor Tony Conrad of True Ventures talked up the “potential of 9GAG as a viral distribution platform” in a statement.

9GAG today is also releasing an iPhone app, and said an Android version is on the way.


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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