Direktlänk till inlägg 17 mars 2011

Is DailyBooth's Photo Sharing the Next Big Thing Investors Say Yes

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Av Emmanuel Ingraham - 17 mars 2011 16:34

Investors, perhaps nudged by the pending release of Apple's camera-riffic iPad 2, now see the promise in DailyBooth; Ignition Partners and Sequoia Capital together ponied up $6 million to back the two-year old startup.

DailyBooth tests the theory that teens and photo-sharing go hand-in-hand -- or face-to-face. The web and mobile service encourages its (mostly) youthful members to share photos of their faces on a daily basis in a process known as "boothing."

DailyBooth, a teenager in its own right when compared to mobile photo sharing upstarts Instagram and Picplz, has spawned more than 14 million photos, a.k.a "booths", from members using front-facing cameras and is now better positioned to face its new, fast-growing competitors.

“We believe DailyBooth is uniquely positioned as a platform to harness the distribution and engagement potential of the front-facing camera," says Ignition Partners' Chris Howard, who will join the startup's Board of Directors. "After using the site regularly, we see DailyBooth as a new form of social communication, and our firm is thrilled to be contributing to the growth of one of the web’s most interesting communities.”

This is DailyBooth's first sizable round of financing. The Y Combinator alum startup had previously raised $1 million in angel funding from Kevin Rose, Betaworks, SV Angel, Sequoia Capital, Chis Sacca and other notable angels.


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