New Deal

Imgur Gets $40 Million Investment From Andreessen Horowitz

Screen Shot 2014-04-03 at 1.46.17 PM

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

Linkages

Booting Up: Netflix Is All But Certain To Raise Its Prices Soon

More money. (Photo: flickr.com/jamiesrabbits)

It might not happen immediately, but it’s all but certain Netflix is going to jack up its prices. “It’s not clear that one price fits all,” said CEO Reed Hastings. [Bloomberg]

Nerd fight! Facebook is debunking that Princeton University study that it’s going to lose 80 percent of its users in the next few years. A researcher wrote it’s “utter nonsense.” [TechCrunch]

Rap Genius has come to a licensing agreement with Universal Music Publishing Group to keep annotating their songs. [The 405]

Twitter has expanded analytics to its “Cards” feature. [Recode]

Here’s how Imgur became Reddit’s go-to image sharing service for pictures of dogs in fedoras. [Businessweek]

Release the Memes

Boasting of 100M Monthly Unique Visitors, Imgur Sidles Out of Reddit’s Shadow

BRB, freebasing some memes.

Never let it be said you can’t build a business on viral images that’d make a Sunday school teacher’s eyes bleed. Today Imgur, the image-sharing site long considered the Gary Walsh to Reddit’s Selina Meyer, announced that it’s hit 100 million monthly unique users, landing the site at number 28 on Alexa.com’s ranking of top sites.

In a chat with Betabeat, the company’s leaders, CEO Alan Schaaf and COO Matt Strader, were careful to underline diplomatically all the ways Imgur has expanded beyond its role as the cobbled-together infrastructure of Reddit. Read More

iCrimeBusters

Reddit Puts on Its Amateur Detective Fedora to Find the Culprit Behind the Boston Bombings

(Photo: Imgur)

Just in case Reddit’s sense of self-importance wasn’t inflated enough, the online community has taken to playing FBI dress-up, creating a subreddit called /r/findbostonbombers that’s “dedicated to helping find the bomber(s)” behind Monday’s tragedy. Since it started late last night, the subreddit has already become a repository for out-there conspiracy theories and Imgur-hosted “photo dumps” that scrupulously analyze every “clue” bored Redditors can find. (Look, this guy’s going through a bag!)

Read More