The India and US based power point (PPT) online sharing company SlideShare.com has received $3 million funding from a group of angels and venture capital fund Venrock Associates. SlideShare works on the same principle as YouTube - the difference is that the former hosts PPTs while the latter hosts videos. (We have used Slideshare on a few occasions, and have found it as a useful tool to share documents and presentations).
The high profile angels the company has got include Dave McClure, Mark Cuban, and Jonathan Abrams, besides others like Ariel Poler, Hal Varian, Yee Lee, and Saul Klein. Some readers may remember, Mark Cuban was the biggest critic of YouTube, and he called YouTube’s business model as nothing more than a hosting company for videos. SlideShare also does the same for PPTs. The company will also have to watch out for copyrighted and confidential PPTs.
SlideShare’s founders include Rashmi Sinha (CEO; in the picture), Jonathan Boutelle and Amita Ranjan. The company has Guy Kawasaki, among others, on its board. See the press release on their funding as an interesting SlideShare presentation.

Posted on 05/8/08, 1:12 PM
in: Deals, Venture Capital
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