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Lady Gaga’s Startup Backplane Selling Assets

Discussion in 'Article Discussion' started by Melody Bot, Apr 12, 2016.

  1. Melody Bot Apr 12, 2016
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Josh Constine, writing for TechCrunch, on Lady Gaga’s startup, Backplane, selling its assets:


    Founded in 2011, Backplane raised a Series A of $12.1 million in 2012 from the top venture capitalists in Silicon Valley. Sequoia, Google Ventures, Founders Fund, SV Angel, Greylock, Menlo Ventures, Formation 8 and Eric Schmidt’s TomorrowVentures all poured money in at around a $40 million valuation. That was despite basically just being a fan site for Lady Gaga with hopes of launching social networks for brands. It eventually raised $5 million more.
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