Tumblr would like to buy other companies.
Adam Rifkin stashed this in Tumblr!
First time I've seen Tumblr revenue numbers: $13 million in 2012.
Nicholas Carlson explains why Tumblr is fundraising in 2013:
Tumblr last raised money in 2011, at an $800 million valuation. It's raised $125 million total.
Tumblr, which is ad-supported, generated $13 million in revenues in 2012. It spent $25 million during 2012.
Both figures are according to Forbes, which also says Tumblr will spend about $40 million this year, when it hopes to be profitable.
We're told by one of our sources — a source close to Tumblr — that Tumblr doesn't need to raise more money, but that it has gotten so much inbound interest from firms asking "what would it take," that it finally decided to come up with an answer.
This source tells us that another reason Tumblr is considering raising more money is that it would like to be able to acquire companies.
The source says Twitter's acquisition of Blue Fin labs earlier this year was the kind of deal Tumblr would like to be able to do.
I feel bad for investors who want to invest in Tumblr but can't get in.
There's really no other company like Tumblr out there except Pinterest maybe.