Yesterday, Formspring (http://www.formspring.me) announced a $2.5m Series A investment that was led by Baseline Ventures and FreeStyle Capital. Polaris is excited to also participate alongside a slew of terrific angel investors: Ron Conway’s SV Angels, Maples Investments, Chris Sacca’s Lowercase Capital, Kevin Rose, Travis Kalanick, Dave Morin and Scott Dorsey.
Formspring is a social Q&A platform that makes it very simple to ask questions and receive answers from targeted users. Through Facebook Connect and Twitter , answers arrive almost instantly; and thanks to Formspring's large network, users and answers are highly targeted. The combination of:
- a simple user-experience - a clear consumer impulse (questions / answers) - that delivers immediate gratification - in a viral and social way
... has translated into significant growth. Since their November 25th launch, Formspring now reaches over 44m users and had over 300m questions answered. For a taste of their size, search for Formpsring.me on Twitter ... you will notice 100s of posts each minute:
Whether you are looking for creative direction or seeking input on a specific topic, I encourage you to give Formspring a spin.
More reading: VCMike: Why Polaris is Backing Formspring