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

February 5, 2013

10:23 pm

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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Frank Gruber is the cofounder, CEO and Executive Editor of Tech.Co (formerly Tech Cocktail). He is the author of the book, Startup Mixology, Tech Cocktail’s Guide to Building, Growing, and Celebrating Startup Success. He is also a startup advisor and investor to startups. Find Frank Gruber online and follow him on Twitter at @FrankGruber.

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