PBwiki raises 2 million dollars

Excerpts from a Feb 21, 2007 TechCrunch story

PBwiki closed $2 million in funding this morning from Mohr Davidow Ventures. Founder and CEO David Weekly confirmed that previous investors Ron Conway and Chris Yeh also put in an additional $100k.

PBwiki advertises itself as the easiest way to quickly create a hosted wiki and the company’s product is particularly well executed. It recently added a What You See is What You Get editor, which if satisfactory to new users, could help PBwiki overcome one of the primary barriers to wiki adoption. The recent upgrade also added the ability to include YouTube videos, Flickr photostreams, stock charts and chat functionality to your wikis.

Weekly told me that there are more than 200,000 PBwikis and a substantial portion of them have been active in the past 60 days. Weekly says the ads on free accounts make less than 5% of the company’s revenue; premium accounts are available for between $10 and $35 per month. He says the 8 person company brings in enough money to be “profitable some months.”

The enterprise wiki landscape is widely seen as a mess, bereft of reliable, usable and lightweight solutions - perhaps we’ll see someone scoop up this solid service soon. Please hold the jokes about a possible Yahoo! acquisition.
created by jr on Feb 23, 2007 at 12:29:52 am
updated by jr on Mar 19, 2007 at 10:07:07 pm

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