Monday, August 5, 2013

Amazon's Bezos Owns Stake in Business Insider

As part of its reporting on the purchase of the Washington Post by Amazon's Jeff Bezos, Business Insider added the following:
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.
Henry Blodget previously reported that BI lost  $3 million in 2012. Blodget also said, at the time, that BI had ONLY spent $7 million of the $13 million it had raised. It us unclear if the investment made by Bezos was part of this $13 million or a separate money raise.


Apparently it was a new funding round. All Things D wrote in April:
[...]the Amazon CEO is personally leading a $5 million investment round in Blodget’s six-year-old Web publishing business. 
By my count, that brings total investment in Business Insider to more than $18 million

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