San Francisco Q&A Site Lands $11.5 Million in Funding
A screenshot of Formspring's website.
Something must be turning around with the economy because investors are not shying away from startups that have no idea how to make money.
San Francisco-based online question and answering service Formspring announced that it has secured $11.5 million in Series A financing.
The company also announced it has developed a "respond" button, which works like Facebook's "like" button. While sites like the Huffington Post are already using the button.
But missing in the equation is an actual revenue or business model. The company has also had its share of negative press since it allows users to post anonymously, it became a hot bed for teen bullying online.