I'll Tumbl For You

When Yahoo Swooped In, Tumblr Was Down to $16.6M in the Bank

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Now that Tumblr’s been welcomed into Yahoo’s purple bosom, David Karp’s days of wheedling venture capitalists are over. If the company hadn’t sold, though, Mr. Karp would’ve been doing a lot of door-knocking with his hat out, because it turns out the company had just $16.6 million left at acquisition. (It’s also a question just how much ads were bringing in.)

Pretty sure there are rinky-dink jungle airstrips with longer runways. Read More