WebClipping site gains as it grows

NEW YORK: Following in the path of e-commerce start-ups and b-to-b exchanges, PR industry service providers have begun to get a piece of the VC action.

NEW YORK: Following in the path of e-commerce start-ups and b-to-b exchanges, PR industry service providers have begun to get a piece of the VC action.

NEW YORK: Following in the path of e-commerce start-ups and b-to-b

exchanges, PR industry service providers have begun to get a piece of

the VC action.



WebClipping.com, which is billing itself as ’the world’s first and only

online reputation-management company,’ announced earlier this month that

it has received dollars 1.5 million in funding from 1775 Ventures,

LLC.



’Our funding commitment solidifies the strength of WebClipping.com’s

business model in an industry that is clearly exploding,’ said 1775

senior associate James Deutsche. ’They give companies access to

information previously unavailable, yet vital to their success.’



According to WebClipping.com CEO and founder Noah Silverman, the company

has been profitable since its second month of business, which he

believes helped attract financing.



’To the VCs, we are a very different concept,’ he said. ’We can pay our

rent already, and there is no burn rate. We need funding only for

further growth and new developments.’ Silverman added that he has

received at least four offers from PR and marketing services companies

seeking to buy the company.



Founded in January 1999, the site allows clients to monitor news

outlets, usenet groups, Web sites and chat rooms and uses a ’smart’

search engine.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.