The crowded consumer Internet has made it difficult for startups and services to get attention from the people who really matter: the end users. The question is: How do you get that much-needed attention? Not with VC dollars. Instead it is something less tangible.
Photo sharing app Path has secured a Series A round of financing worth $8.65 million, with investment from Kleiner Perkins Caufield & Byers,…
Path, the San Francisco-based company that makes a photo sharing app has raised $8.5 million in new investment from KPCB and Index Ventures. That’s a lot of money for a company that has little traction or not even a hint of a business model.
With the launch of Path, and the frenzy of interest in Instagram and PicPlz, the world seems to be awash in photo-sharing apps. Why? Better mobile cameras, for one thing. But photo sharing is also one of the best ways to build a social network.
Path, a well-funded San Francisco-based startup co-founded by Shawn Fanning of Napster fame and Dave Morin, formerly of Facebook, today launched its app and private social network amidst blaze of glory. Unfortunately, it is a solution in search of a problem.
