Pinterest, the most popular online image pinboard recently won US$200 million worth of new funding for its operations. According to company sources in a statement last Wednesday, Pinterest is now valued at US$2.5 billion and the funding would be used to make "strategic acquisitions of both talent and technology.
interest provides users online bulletin boards on various topics and themes. This is but one of the new start-ups on online social media networking with images put up for fellow users to see and comment on. Many industry analysts view that these kinds of Internet companies have little profit or revenue returns but many of them have been able to win over large sum investments from many angel investors and venture capitalists. Pinterest was able to land long-short hedge fund Valiant for the investment on the funding, joining other prominent venture capitalists such as Andreessen Horowitz, Bessemer Venture Partners and First Mark Capital.
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