Pixel Envy

Written by Nick Heer.

You Know What’s Half-Cool?

Billy Gallagher, TechCrunch:

Path is raising a $50 million Series C round at a $500 million post-money valuation. Sources tell us the company is still seeking a lead investor, the round is currently oversubscribed, and one of the investors in the round is “a strategic private investment group in Asia.”

Well, it’s not a billion dollars, but it’s sure a lot for a company with the current monetization strategy of selling images of “stickers”.