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Wednesday, April 16, 2008

TechCrunch: EQAL formed. 5 million of funding raised.

Lonelygirl15 and KateModern Creators Form EQAL

Now Beckett and Goodfried have formed EQAL (pronounced “equal”), an interactive media company that will continue producing the Lonelygirl15 and KateModern series among others to come. The new company has raised $5M in Series A from Spark Capital and individuals such as Conrad Riggs, Ron Conway, Marc Andreesen, and Georges Harik.

Both series will be hosted at LG15.com. Since the company’s name refers to the equality of this new type of media, and the way in which community members interact with the stories it produces, LG15.com features social media like comments, chat, a forum, and a wiki.

EQAL plans to produce different versions of its shows for different countries, all of which will be distributed through LG15.com. These shows will contain occasional nods and references to each other, and their plots may even cross over at times.




modelmotion said...
So Ning is in on the deal.......hummmmm...

greg said...
Hey modelmotion,

Just wanted to clarify, Ning is not in on the deal. Andreessen made a personal investment.

5 comments:

  1. So Ning is in on the deal.......hummmmm...

    ReplyDelete
  2. Hey modelmotion,

    Just wanted to clarify, Ning is not in on the deal. Andreessen made a personal investment.

    Thanks

    ReplyDelete
  3. Don't forget:

    http://www.eqal.com/

    ReplyDelete
  4. Thanks for the clarification Greg!!!

    ReplyDelete




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