May 8, 2008
SlideShare Attracts $3 Million in Series A Funding
SlideShare, Inc., the world's largest community for sharing presentations, today announced it has secured $3 million in series A funding, led by Venrock. As part of this round, SlideShare will be adding David Siminoff, a general partner at Venrock, to its board of directors.
Siminoff joins an esteemed group of SlideShare investors and advisory board, including Hal R. Varian, chief economist at Google; Guy Kawasaki, founder, Truemors and Alltop and managing director of Garage Technology Ventures; Ross Mayfield, co-founder and chairman at Socialtext; Dave McClure, startup advisor and angel investor; Marc Cuban, founder of Broadcast.com; Ariel Poler, internet entrepreneur and investor; Yee Lee, entrepreneur and startup advisor; Jonathan Abrams, founder and CEO at Socializr and Saul Klein, founding partner of The Accelerator Group.SlideShare will use the financing to expand its San Francisco operations, invest in product development and accelerate customer adoption. Using SlideShare, individuals and organizations can easily upload presentations for free, to share their ideas, connect with others, and generate leads for their businesses. Anyone on the web can find presentations on topics that interest them. They can also tag, download, or embed presentations into their own blogs, websites, or social networks. Slideshows can be shared publicly or privately, and can be combined with audio to make "slidecasts".
"Our use of the Internet is evolving from consuming and sharing text-based information -- like email, news and blogs -- to visual communication, using imagery and video," said David Siminoff, general partner, Venrock. "With its focus on presentations, SlideShare blends the ability to communicate both verbal and visual elements through the most popular social media platforms. Putting your PowerPoint presentation on SlideShare is as easy as uploading and sharing a picture of your vacation on the Web."
To date users have posted more than 300,000 presentations from 165 countries in more than 55 languages. Whether you're a professor sharing your lecture with students or a speaker trying to connect with a broader audience, SlideShare is the easiest way to get your slides on the web and share them with the audience that matters.
With the latest investment, SlideShare will add David Siminoff to the board of directors who serves as a general partner at Venrock, a premier venture capital firm established by the Rockefeller family. Siminoff began his career in the media business prior to his entrepreneurial pursuits in technology. Before spending a decade at Capital Research, making early investments in Yahoo!, AOL, Amazon and eBay, Siminoff founded and later sold EastNet, a syndicate barter company, enabling television stations in Eastern Europe to trade American TV programs for advertising time from major brands. He also co-founded 4INFO and most recently, he served as chairman, president and CEO of Spark Networks. Venrock's Dev Khare will also be actively involved with SlideShare.
"SlideShare fundamentally changes the way that people share presentations," said Rashmi Sinha, CEO, SlideShare. "Millions of presentations are shared every day across the globe; presentations have become the primary way to illustrate your business idea. The Web and rise of social networking has added new dimensions -- users now have the access and ability to share ideas on an enormous scale. This combination of trends is what led us to create SlideShare, and support from Venrock will help us take it to the next level. We want every presentation in the world to be shared on SlideShare."
About SlideShare, Inc.
SlideShare is the world's largest community for sharing presentations. SlideShare gives users such as professionals, academics and authors the ability to publish and share presentations over the Web, on their blog, website, facebook profile or on slideshare.net. Founded in 2007, the company is privately held and based in San Francisco, California and New Delhi, India. For more information visit www.slideshare.net.
Venrock is a premier venture capital firm with offices in Menlo Park, New York, Cambridge, MA, and Israel. Originally established as the venture capital arm of the Rockefeller family, Venrock continues a seven-decade tradition of partnering with entrepreneurs to establish successful, enduring companies. Having invested $1.9 billion in 405 companies resulting in over 120 IPOs over the past 39 years, Venrock's investment returns place it among the top tier venture capital firms that have achieved consistently superior performance. With a primary focus on technology, healthcare, and energy, portfolio companies have included Adnexus Therapeutics, Apple Computer, Centocor, Check Point Software, DoubleClick, Gilead Sciences, Idec Pharmaceuticals, Illumina, Intel, Millennium Pharmaceuticals, Sirna Therapeutics, StrataCom, and Vontu. For more information, please visit Venrock's website at www.venrock.com.