Thursday, August 16, 2007

The YouTube of Video Games


Kongregate, a Web site that bills itself as the YouTube of games since it allows users to create and upload video games, announced Thursday that it had received $5 million in funding from influential venture capital firm Greylock Partners.

The financing round may be small, but keep in mind that Greylock is also backing some of the Web’s hottest privately held social media companies, including Facebook, Digg and LinkedIn. In fact, LinkedIn co-founder Reid Hoffman was an angel investor in Kongregate.
Check Out Full Article @ CNN

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