Hi-Media Group Enters into Agreement to Acquire Fotolog
Congratulations to everyone in our portfolio company Fotolog! These guys have worked incredibly hard for many years to build what has become an extremely close-knit and active community of people sharing pictures on a daily basis. This is not “just another” photo sharing site, but a communications platform where people communicate through daily uploading of one picture and comment on each others works. But what am I talking…the fact that the site has more than 10 million registered users without the use of any marketing $$ is a testament to the quality of the site and the community. Again, congrats!
Here’s the official release. And here’s Om’s first take.
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