Wednesday, June 1, 2011

Altly Reveals Seed Investors

Venice-based Altly, the startup headed by Dmitry Shapiro which is developing an alternative to Facebook, has revealed the full list of its seed funding investors today, saying that it raised $1M in funding from Freestyle Capital, Social Leverage, Arthur Bilger, Draper Fisher Jurvetson, Howard Lindzon, Tom Anderson, Alex Bard, Alex Karelin, Kenny Van Zant, and Francis Costello. Both Howard Lindzon and Dave Samuel are joining the firm's board as part of the funding. Altly detailed its plans to create an alternative to Facebook last week, complaining in a lengthy manifesto from Shapiro that an alternative to Facebook was sorely needed due to privacy and other issues with the social networking site. Shapiro was the former founder of Veoh Networks and head of MySpace Music. More information »

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