ChaCha, a startup that answers questions on your computer or phone, has raised $20 million in a sixth round of institutional funding. The news was first reported in TechCrunch, and the company has confirmed it.
ChaCha’s “guides” answer a broad swath of questions. Right now, “trending questions” on the ChaCha site include “What does h.m.u. mean in text talk?” “Often imitated but never duplicated is the slogan what company?” and “Is there going to be a 3rd season of teen mom?” The answers are high-quality, since ChaCha pays between 3 cents and 20 cents per answer, but that also means ChaCha probably has to spend a substantial amount of cash to keep up.
The Indianapolis-based company says it answers most questions within 30 seconds and that it reaches more than 15 million users across its website, text message service, voice service, and on social networks like Twitter. It makes money through advertising.
The new round comes from investors VantagePoint Venture Partners and Rho Ventures. ChaCha has now raised a total of $72 million.
Getting content noticed is a challenge for everyone making apps. Join us at DiscoveryBeat 2010 and hear secrets from top industry executives about how to break through and profit in the new cross-platform app ecosystem. From metrics to monetization, we’ll take an in depth look at the best discovery strategies and why they’re working. See the full agenda here. The conference takes place on October 18 at the Mission Bay Conference Center in San Francisco. To register, click here. Hurry though. Tickets are limited, and going fast.
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*Methodological note: From March until July, American Crossroads was registered as a 527 organization and reporting to the Internal Revenue Service. At the end of July, it registered with the Federal Election Commission as a "Super PAC" -- officially an "independent expenditure-only committee" -- and began reporting to them. The move came after the commission issued guidance to groups in light of federal court rulings in cases that loosened prior restrictions on fund-raising from corporations for use in political messages, including SpeechNow.org v. Federal Election Commission and Citizens United v. Federal Election Commission. Between the time American Crossroads first registered with the IRS and the time it first began reporting to the FEC, it raised and spent $1.4 million that it only reported to the IRS. The numbers in this article include contributions reported to the IRS as well as the FEC.
ChaCha, a startup that answers questions on your computer or phone, has raised $20 million in a sixth round of institutional funding. The news was first reported in TechCrunch, and the company has confirmed it.
ChaCha’s “guides” answer a broad swath of questions. Right now, “trending questions” on the ChaCha site include “What does h.m.u. mean in text talk?” “Often imitated but never duplicated is the slogan what company?” and “Is there going to be a 3rd season of teen mom?” The answers are high-quality, since ChaCha pays between 3 cents and 20 cents per answer, but that also means ChaCha probably has to spend a substantial amount of cash to keep up.
The Indianapolis-based company says it answers most questions within 30 seconds and that it reaches more than 15 million users across its website, text message service, voice service, and on social networks like Twitter. It makes money through advertising.
The new round comes from investors VantagePoint Venture Partners and Rho Ventures. ChaCha has now raised a total of $72 million.
Getting content noticed is a challenge for everyone making apps. Join us at DiscoveryBeat 2010 and hear secrets from top industry executives about how to break through and profit in the new cross-platform app ecosystem. From metrics to monetization, we’ll take an in depth look at the best discovery strategies and why they’re working. See the full agenda here. The conference takes place on October 18 at the Mission Bay Conference Center in San Francisco. To register, click here. Hurry though. Tickets are limited, and going fast.
Next Story: IBM’s new platform delivers cloud computing to telcos and ISPs Previous Story: 7 Degrees raises $6.8M to find the path of least resistance for business connections
Vatican synod sees growing concern over Islam :: Catholic <b>News</b> <b>...</b>
The need for more interfaith dialogue and greater Christian-Muslim understanding has been a key theme in the month-long meeting of bishops at the Vatican to discuss the Middle East.
Fox <b>News</b> Gives Juan Williams $2 Million Contract | 89.3 KPCC
NPR has been sharply criticized for terminating the contract of news analyst Juan Williams for remarks he made about Muslims. Williams appeared on Fox's "The O'Reilly Factor" Thursday night to respond to NPR's decision.
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Korean Grand Prix organisers are making minor modifications to the new Formula 1 track on Friday night following complaints from drivers about potential trouble spots on the new Yeongam circuit.
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