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JAN 24, 2013 - Business Insider

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

UPDATE: SV Angel's David Lee tells us his firm will not be buying stock from early employees, depite TechCrunch's earlier report, which has now been "clarified."  Smart move by SV Angel.  EARLIER: 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 ... Read More

Tags: Early Pinterest Investors Will Soon Be Rich, Thanks To SV Angel's $30 Million Investment*,  Foursquare Latest News