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About.me Buys Itself Back From AOL To Raise Funding With New Life

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We’ve covered About.me a number of times over the last few years as they nailed their launch and then quickly were acquired by AOL. Today they announced they are spinning About.me out as it’s own independent company. As part of the deal AOL will hang on to an 8 percent stake in the company and according to one report About.me is about to close another $5.7M round of funding. This move is reminiscent of StumbleUpon’s spinout led by Garrett Camp a few years ago. If anyone could pull this off it would be About.me founder Tony Conrad. Congrats on the new life for About.me. Source: NYTimes.

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About the Author

Frank Gruber is the founder, CEO and Executive Editor of Tech Cocktail. He is an entrepreneur and new media journalist focused on sharing his tech product expertise and analysis on emerging technologies. Previously he built products for millions of users while at AOL and Tribune Company. He is a startup advisor and investor. He is the author of the book, Startup Mixology, Tech Cocktail’s Guide to Building, Growing, and Celebrating Startup Success. Find Frank Gruber online and follow him on Twitter at @FrankGruber.

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