Summary:

Quora, a Q&A startup founded by several early Facebook employees, including former Facebook CTO Adam D’Angelo, has raised $11 million in a…

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photo: Corbis

Quora, a Q&A startup founded by several early Facebook employees, including former Facebook CTO Adam D’Angelo, has raised $11 million in a first round of funding. TechCrunch puts the valuation at a whopping $86 million, even though the site — which pitches itself as a “continually improving collections of questions and answers” — is still in closed beta.

Quora is the latest in a string of Q&A startups to get funding in recent months. Formspring.me, Fluther, Hunch and PeerPong have all raised rounds to expand in what is already a crowded market. Why the need for another player? “The way we think about this is there

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