LivingSocial gets $5 million
Hungry Machine, a Georgetown firm that has made a dozen or so popular Facebook applications, got its first round of venture capital funding this morning--$5 million from Grotech Ventures in Vienna and Steve Case. The company is officially launching its LivingSocial site, which has been in beta until now.
Tim O'Shaughnessy, one of Hungry Machine's four co-founders, talked to me briefly on Friday to give me the details. LivingSocial lets users find reviews of products and connect with people who have similar interests in six categories: books, music, movies, video games, restaurants and beer. Each of these categories has applications on MySpace and Facebook, and the new site syncs up with those.
About 6 million people used LivingSocial in its beta form, and more than 80 million items--favorite books, albums, new microbrew beers--have been cataloged, he said. LivingSocial has become a pretty well-known name in the social networking community--which is probably why Tim is a panelist at this week's Facebook developer conference in San Francisco.
He and Steve Case have worked together before: Tim was a product manager at AOL and then at Revolution Health, Case's newest start-up.
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