This is an excerpt from TechCrunch ( March 5th)
Seven week old Geni raised a $10 million second round of financing last week, led by Charles River Ventures (see our coverage of CRV here), with a post-money valuation of $100 million. George Zachary from CRV is joining the Geni board of directors. This was originally passed to us as a rumor, and Geni founder and CEO David Sacks has confirmed the story.
David Sacks was a key person at PayPal and I am glad to see he has been able to in seven weeks get $10 million at $100 million. You may like to play around with Geni. Do you think CRV is out of their mind or do you think Geni is the next $1 billion company.
Another intriguing question is could something like Geni have been built in India. By the way Geni which is based in Los Angeles had around 18 people only when it launched.
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