Sulia at 10 million monthly actives; 9 employees; raises $5m.
Adam Rifkin stashed this in Active Users
Stashed in: Monetization
If Sulia can raise $5 million there's hope for other Startups.
Sulia, a New York-based startup building a publishing platform that could be described as a more-organized, slightly longer-form version of Twitter, has raised another $4 million to $5 million in capital.
Venture capital firm Greycroft Ventures led the round and existing Sulia investor FirstMark Capital participated.
In a release, Sulia says 10 million individuals will see content produced by the site this month – up from zero 18 months ago, when the network launched.
Sulia does not disclose how many account holders it currently has. Much of Sulia's content is actually automatically pulled from other social publishing platforms, like Twitter and Tumblr.
Sulia: 10 million monthly actives, 9 employees, $5 million in funding.
They monetize with ads in the streams -- see image above for an example.
Sulia has shut down:
This is a sad time for all of us who worked so hard on this platform for these last five years, especially because of all of the great friendships we made with the members of the Sulia community.
Our goal was to organize the best content from the best sources in thousands of categories, and we did it well. In fact, there were many many things that Sulia did better than any other platform. But we learned that those things weren't popular or lucrative enough for it to succeed as a business. That's often the way it is with startups.
There is a small possibility that Sulia will one day be reborn, probably in a different form. If you're interested in discussing that, send an email to firstname.lastname@example.org.
To all of you who shared your time, your ideas and your passions, thank you. To our brilliant contributors, and marketers, and anyone, anywhere who ever took a moment to send us feedback, thank you. To our team, our investors and our advisers who stood by our mission and our dream, thank you.
The Sulia Team
ps. If you'd like to have your personal data deleted, please email us at email@example.com. We will take care of it immediately.