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Geosign gets $160 Million - WOW

     
4:03 pm on Mar 7, 2007 (gmt 0)

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WebmasterWorld Administrator brett_tabke is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

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Congrats to GEOSign. Many know that employess of GEOSign are long time WebmasterWorld supporters, moderators, and regular PubCon speakers.

Congrats Gang!

[money.cnn.com...]

...Today announced the closing of $160 million in private financing from American Capital Strategies Ltd. . Geosign is an Internet media company focused on online publishing and targeted search. Proceeds from the financing will be used for working capital and to support the Company's strategic growth initiatives including future acquisitions, as well as shareholder liquidity.

Some of Geosign's popular sites include GizmoCafe.com, DietNation.com, ThinkFashion.com, TheRenewablePlanet.com, TrueLocal.com, CosmeticSurgeryInsider.net and Nomadik.com.

4:24 pm on Mar 7, 2007 (gmt 0)

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Q&A with the founder: [frankschilling.typepad.com...]
5:28 pm on Mar 7, 2007 (gmt 0)

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Congrats to the entire Geosign family!
5:37 pm on Mar 7, 2007 (gmt 0)

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Well done. I fully expect more great things from you guys.
5:59 pm on Mar 7, 2007 (gmt 0)

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Looks like the owners cashed some in too for $160 mil. Smart move IMO. Now they can really concentrate in growing as their families are cared for.

I hope they have some left me: I am selling them my killer domain. Should I ask for $159 Million :-)?

6:01 pm on Mar 7, 2007 (gmt 0)

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As the founder of Geosign, I want to go on the record with a big thank you for Brett, WebmasterWorld, and all the moderators who have been an incredible source of information and instrumental in the early growth of our company.

I dont log on to WebmasterWorld nearly as much anymore, but I miss the days when it was just me at Geosign logging on every 20 minutes to check for the latest google dance commentary, or all the little tips to get your page to rank better, or trying to interpret every word that Matt Cutts would utter to find the hidden messsage.

Again - thanks WebmasterWorld

6:20 pm on Mar 7, 2007 (gmt 0)

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Thanks Tim, is this the first, second, or third round of funding?
6:37 pm on Mar 7, 2007 (gmt 0)

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first round of funding.
6:54 pm on Mar 7, 2007 (gmt 0)

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Wowza! Congrats to Geosign.
6:54 pm on Mar 7, 2007 (gmt 0)

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Congratulations are in order...

Is some of this money for STN Labs? ;)

7:24 pm on Mar 7, 2007 (gmt 0)

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Nice integration of YPN ads on their sites. I could barely notice them.
7:46 pm on Mar 7, 2007 (gmt 0)

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Congratulations. I've met a number of folks from Geosigns and they're all very friendly, down to earth, and approachable. Couldn't happen to a nicer bunch of folks!
8:54 pm on Mar 7, 2007 (gmt 0)

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good move
9:01 pm on Mar 7, 2007 (gmt 0)

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I work with GeoSigns and they are pros at what they do. Met them at Affiliate Summit last summer and have had a good relationship since.
9:05 pm on Mar 7, 2007 (gmt 0)

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WebmasterWorld Senior Member jimbeetle is a WebmasterWorld Top Contributor of All Time 10+ Year Member

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Whew, 160, huh? Good go guys.

Hey jake, can I get that beer now?

9:21 pm on Mar 7, 2007 (gmt 0)

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*pop*
6:48 am on Mar 8, 2007 (gmt 0)

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AEWSOME JOB TIM

Gee I wish I worked with

6:53 am on Mar 8, 2007 (gmt 0)

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Sometimes good work pays. A reasonable sum for the right package and more good things should follow.
6:39 pm on Mar 8, 2007 (gmt 0)

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Hey Tim,

Congrats are in order! Huge round for a series A...wow ;)

Joe Morin

12:37 pm on Mar 9, 2007 (gmt 0)

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I guess 160 million and some liquidity frees up some time now for bullettin boards, etc..

Good job.

3:21 pm on Mar 10, 2007 (gmt 0)

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Great job. Congratulations.
I guess, most of us expect similar news for our own companies. :)
5:19 pm on Mar 10, 2007 (gmt 0)

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>> I guess, most of us expect similar news for our own companies.

Sure we do, but I'd settle for slightly less than $160 million...about 50-60 times less ;)

There seems to be a buying wave lately. If you have a good site that can be monetized, you may be in.

 

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