MadKast Raises $300K For Link Sharing Widget

**TimSchroeder** · 10-05-2007, 07:40 PM

The first TechStars company to launch, MadKast has raised a $300,000 series A round of financing from EONBusiness Venture Capital and several Angel investors in California and Colorado. Another TechStars company, EventVue, closed their own round of funding last week. MadKast is an embeddable widget that lets you easily share links with your friends on any [...]

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**vangogh** · 10-06-2007, 01:24 AM

It looks interesting though I wonder why they needed financing. It doesn't seem all that complicated to create and if it works it's the kind of thing that will spread virally without a lot of need for other marketing.

**swiftmed** · 10-06-2007, 11:00 PM

yeh i agree, this does look interesting, and that is one hell of an investment isnt it. whoever invested that money must have seen some real potential in that company to put that much money in the pot. i think this is one we should keep our eyes on guys

**vangogh** · 10-07-2007, 04:31 AM

I wouldn't say $300,000 is all that much investment. It's a lot of money to you and me, but it's on the low side for venture capitalists.