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What’s next for Pinterest: $1 billion valuation and a business model?

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Image-sharing site Pinterest is reportedly close to announcing a new funding round that values it at over $1 billion. A social commerce company is also investing in the company for the first time, The Next Web says, citing an unidentified source.

According to The Next Web, the funding will be announced Friday, the same day as Facebook’s IPO.

Pinterest has raised $37.5 million in funding so far, with lead investor Andreessen Horowitz valuing the company at $200 million as of October 2011. Since then, the company, which is still invite-only, has grown quickly. It had 17.8 million monthly uniques in February 2012, according to comScore, up from 11.7 million in January 2012.

2 Responses to “What’s next for Pinterest: $1 billion valuation and a business model?”

  1. Matthew Graczyk

    Pinterest is great for social bookmarking, but what about personal bookmarking – the bookmarks for the sites you visit over and over? My company operates, and we believe it is exactly what the world needs now – a real personal productivity booster. It’s a free cloud-based Internet bookmarking service. With all your bookmarks are always available using any browser from any computer, mobile phone or tablet. The iCrumz interface allows you to have 100 or more bookmarks on a single webpage without being cluttered. iCrumz also offers an import function, so you can import and consolidate all your bookmarks from all your browsers on all your devices. Check out our short (1 minute) intro video: Contact me if you have any questions. Matthew[at]iCrumz[dot]com.