The hits just keep on coming. Facebook has landed an additional $25MM in funding, and Bambi Francisco is reporting that the pre-money valuation of Facebook was $525MM.
(via nick)
UPDATE: Matt Marshall has more on the Facebook deal here. The key strategy bits:
“Facebook has only “scratched the surface” on its efforts to expand in new markets, including international and post-graduate communities. Facebook launched a product for high schools last year, and recently launched a version of its site for mobile devices. It also introduced photo-sharing several months ago. Facebook’s Deitch said comScore data shows Facebook is the largest photo-sharing site on the Web
The company will eventually turn to developing three revenue streams, [Greylock’s] Sze said. Those include local advertisers, such as pizza companies or bookstores that want to post an ad for a local college audience; banner advertisers seeking to reach Facebook’s demographic type nationally; and sponsored groups, such as large companies sponsoring an online forum to interact with students.”
