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JAN 24, 2013 - Business Insider

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Early Investors And Employees At Pinterest Will Soon Be Rich, Thanks To SV Angel's $30 Million Investment

TechCrunch is reporting that SV Angel will invest $30 million in Pinterest at the same $1.5 billion valuation of its last round of financing. The $30 million will give SV Angel's LPs secondary shares of Pinterest, buying about 2% of the company from early investors and likely some employees. The amazing thing: Pinterest has yet to generate a dollar. Sure, it has 28 million monthly visitors according to ComScore. It generates billions of monthly page views. It's also easy to see how Pinterest could make money. Advertisers would likely pay for featured photos, which would be endemic to the ... Read More

Tags: Early Investors And Employees At Pinterest Will Soon Be Rich, Thanks To SV Angel's $30 Million Investment,  Groupon Latest News