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	<title>Betabeat &#187; Facebook Offspring Quora Raises $50M Round Led By Facebook Investor</title>
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		<title>Betabeat &#187; Facebook Offspring Quora Raises $50M Round Led By Facebook Investor</title>
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		<title>Facebook Offspring Quora Raises $50M Round Led By Facebook Investor</title>

		<comments>http://betabeat.com/2012/05/facebook-mafia-baby-quora-raises-50m/#comments</comments>
		<pubDate>Mon, 14 May 2012 17:33:19 -0400</pubDate>
					<link>http://betabeat.com/2012/05/facebook-mafia-baby-quora-raises-50m/</link>
			<dc:creator>Jessica Roy</dc:creator>
				
		<guid isPermaLink="false">http://www.betabeat.com/?p=45518</guid>
		<description><![CDATA[<p><div id="attachment_45520" class="wp-caption alignleft" style="width: 169px"><a href="http://www.betabeat.com/2012/05/14/facebook-mafia-baby-quora-raises-50m/techcrunch-disrupt-new-york-may-2011-day-1-4/" rel="attachment wp-att-45520"><img class=" wp-image-45520 " title="Charlie Cheever" src="http://nyobetabeat.files.wordpress.com/2012/05/5751464152_295867e2dd.jpeg?w=199&h=300" alt="" width="159" height="240" /></a><p class="wp-caption-text">Mr. Cheever (flickr.com/techrunch)</p></div></p>
<p>Those Facebookers are making it <a href="http://www.betabeat.com/2012/05/10/facebook-ipo-matt-cohler-05102012/">rain</a> and the IPO isn't even scheduled until Friday. The <em>Wall Street Journal</em> <a href="http://online.wsj.com/article/SB10001424052702303505504577404510443769988.html">reports</a> today that ex-Facebookers Adam D'Angelo and Charlie Cheever have raised a new $50 million round of funding for their Q&amp;A site <a href="http://www.quora.com/">Quora</a>, led by--surprise!--Facebook board member Peter Thiel.</p>
<p><!--more-->The news comes on the heels of a <em>New York Times</em> <a href="http://www.nytimes.com/2012/05/10/technology/a-circle-of-tech-collect-payout-do-a-start-up.html">piece</a> that chronicled the new "circle of tech:" collect payout, do a startup.</p>
<p>According to the <em>Journal</em>:</p>
<blockquote><p>The investment is a sign of how the Facebook "mafia" is flourishing in Silicon Valley, helping to fuel new start-up activity....Mr. Heiliger said one of the key reasons he invested in Quora is because of his friendship with Mr. D'Angelo and Mr. Cheever when they all worked together at Facebook several years ago.</p></blockquote>
<p>A <a href="http://www.betabeat.com/2012/02/27/whither-the-facebook-mafia/">source</a> told us a few months ago that he didn't have high hopes for Quora, but the company is now apparently valued at $400M. Between this and Instagram, perhaps the Facebook mafia can catchup to PayPal yet.</p>
<p><strong>Update</strong>: A source wrote in to tell us that Benchmark Capital also contributed to the round. Well, <a href="http://betabeat.com/2012/05/10/facebook-ipo-matt-cohler-05102012/">w</a>ell.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_45520" class="wp-caption alignleft" style="width: 169px"><a href="http://www.betabeat.com/2012/05/14/facebook-mafia-baby-quora-raises-50m/techcrunch-disrupt-new-york-may-2011-day-1-4/" rel="attachment wp-att-45520"><img class=" wp-image-45520 " title="Charlie Cheever" src="http://nyobetabeat.files.wordpress.com/2012/05/5751464152_295867e2dd.jpeg?w=199&h=300" alt="" width="159" height="240" /></a><p class="wp-caption-text">Mr. Cheever (flickr.com/techrunch)</p></div></p>
<p>Those Facebookers are making it <a href="http://www.betabeat.com/2012/05/10/facebook-ipo-matt-cohler-05102012/">rain</a> and the IPO isn't even scheduled until Friday. The <em>Wall Street Journal</em> <a href="http://online.wsj.com/article/SB10001424052702303505504577404510443769988.html">reports</a> today that ex-Facebookers Adam D'Angelo and Charlie Cheever have raised a new $50 million round of funding for their Q&amp;A site <a href="http://www.quora.com/">Quora</a>, led by--surprise!--Facebook board member Peter Thiel.</p>
<p><!--more-->The news comes on the heels of a <em>New York Times</em> <a href="http://www.nytimes.com/2012/05/10/technology/a-circle-of-tech-collect-payout-do-a-start-up.html">piece</a> that chronicled the new "circle of tech:" collect payout, do a startup.</p>
<p>According to the <em>Journal</em>:</p>
<blockquote><p>The investment is a sign of how the Facebook "mafia" is flourishing in Silicon Valley, helping to fuel new start-up activity....Mr. Heiliger said one of the key reasons he invested in Quora is because of his friendship with Mr. D'Angelo and Mr. Cheever when they all worked together at Facebook several years ago.</p></blockquote>
<p>A <a href="http://www.betabeat.com/2012/02/27/whither-the-facebook-mafia/">source</a> told us a few months ago that he didn't have high hopes for Quora, but the company is now apparently valued at $400M. Between this and Instagram, perhaps the Facebook mafia can catchup to PayPal yet.</p>
<p><strong>Update</strong>: A source wrote in to tell us that Benchmark Capital also contributed to the round. Well, <a href="http://betabeat.com/2012/05/10/facebook-ipo-matt-cohler-05102012/">w</a>ell.</p>
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