Lulz

Inside Look: Imgur Reveals Redesign, Announces Plans for a Convention

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Imgur is at a tipping point.

What began as a photo storage site for Reddit users has grown, in just five years, into a thriving community with almost twice as much traffic as its de facto parent site, raking in five billion pageviews a month.

But in tech, a proven model with great results isn’t always enough. The site debuted a redesign this morning. They’re also planning a slew of in-person events and a convention, all thanks to a recent injection of $40 million in VC funding. It’s clear that Imgur is striving to become a social media staple on the level of Instagram or Twitter. Read More

New Deal

Imgur Gets $40 Million Investment From Andreessen Horowitz

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One of tech’s most prolific venture capital firms, Andreessen Horowitz (or “A16Z”), has invested a sizable $40 million in image sharing giant Imgur, Betabeat has learned.

Imgur has been the subject of acquisition rumors for the past year, but has never taken outside money, regardless of how successful they’ve been. According to Imgur CEO and founder Alan Schaaf, Imgur has been approached by almost every VC on the map in the past five years.

“We’ve always been fighting them off,” Mr. Schaaf told Betabeat, “and the reason is because we never really found a good fit.” Read More