Flipagram raises $70 mill

http://techcrunch.com/2015/07/15/flip-it-good/

Flipagram is one of the new up an comers to Social Media. It's a mix between Instagram and YouTube.

They have just raised $70 million US in series B funding. You would think after 240 social channels that we would have reached saturation point - NOPE! The rate of change in social is only starting to accelerate.

Nothing stays the same in this space....it's always evolving, hence LinkedIn, Facebook and Twitter are spending big acquiring new start-ups, new ideas, new talent.

VC's are also fighting over themselves to get in early, there is no shortage of cash for great ideas.

So....a product like THRED, which represents next-gen technology, would not have any issues in attracting at least $5 to $10 mill in funding.

Note to Ananda and David: Do we really need the hideous 1 Billion con notes at $0.001? Is that really the best capital management strategy for OUR company?