Pinterest, an online social bookmarking service, has secured $200 million in a recent fundraising round, and is being valued at $5 billion The valuations of tech companies continue to soar. In its latest funding round, online scrapbooking website Pinterest has received $200 million, raising its valuation to $5 billion. In its last round of funding, conducted in October 2013, the company had received $225 million and been valued at $3.8 billion. Its major investors now include SV Angel, Bessemer Venture Partners, Fidelity Investments, Andreessen Horowitz, FirstMark Capital, and Valiant Capital Partners. Pinterest CEO Ben Silbermann said “Pinterest has a vision of solving discovery and helping everyone find things they’ll love. This new investment gives us additional resources to realize our vision.” Pinterest is essentially a social media network where people can create collections, or “boards,” of things they like, which take the form of “pins.” According to eMarketer, the Pinterest platform has 35 million monthly users in the US, a figure that is expected to increase by a further 10 million this year. Of that, some 85% are women. Over the last four years, more than 30 billion pins have been collectively accumulated by Pinterest users.
Social media is the way of the future, but is Pinterest the way to go? The $5 Billion evaluation is quite something. I don't know if it is going to work out as they are imagining, but you never know what kind of developments that end up popping up when it comes to these social media platforms. You can't deny their numbers though. They're MASSIVE.
Yeah right because in future Social Platforms are in top of boom because they have a millions of traffic in their platform to gain money
This is interesting and possibly a good investment. I have always loved Pinterest. It has some amazing ideas and a very popular social network. Something to think about....
Wow I had no idea Pinterest was so wealthy! I do see it everywhere, and used to use it but now anymore. I got bored pinning things, but obviously I may be the only one!
This seems too high of a valuation right? Is this more of tech companies being completely overvalued? While I know Pinterest is insanely popular, this valuation is making it seem like it's going to be one of the next big things in social media. Perhaps I'm being too weary of companies though and this would be a good investment...
I think it has potential to make a lot of money but that could have a negative effect on the business. I didn't think Facebook could make as much money as they have so maybe Pinterest is capable of the same. It really depends on how much money businesses are willing to spend on advertising. The more platforms we have, there will be less money for each social media company to grab.
I had underestimated Pinning {Pinterest}, now am looking at an over-bearing giant in the looks of a might successful social media platform, to add to the joy of the party, i get to find out that 85% of users are women, says a lot about the site...sweet
I love Pintrest because it is an unusual way to express your personality. You don't even have to say anthing, just display what you like.
