Going.com, a hyperlocal events site (with social networking features) has raised $5 million in funding from General Catalyst and Highland Capital, two well known east coast funds for expansion into new cities. The site has over 500,00 users currently and currently operates in four cities New York, Boston, SF, and Chicago and is mostly 20 somethings.
[...] “local” the smart VC money is going to “hyperlocal” sites such as [...]
[...] an event-driven social networking site (I can’t stand the term hyperlocal), has raised $5 million in funding from General Catalyst and Highland [...]
[...] the uncertainty of these two relatively unproven tactics, the real spotlight is on VC-backed Going.com. This event driven social networking community boasts 500,000+ users and packs hipsters [...]
50,000 or 500,000?
Wow… Seems like a cool site. Can it really be considered hyperlocal? I guess I get it, but it seems that it eventual goal is to become the place to go to for all major cities… I never considerd Yahoo’s UpComing hyperlocal but I bet it started out simular to going.com did.
Same thing for ImThere.com
Was formerly known as Hey Let’s Go! heyletsgo.com. Hard to see it generating 500,000 members on its traffic, though.