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Shelfari Receives $1 million From Amazon, Others

By David Kaplan - Mon 26 Feb 2007 08:10 AM PST

Book lovers’ social net Shelfari has raised a $1 million first round from Amazon.com and others, according to John Cook’s Venture Blog. The company is headed by Josh Hug, the former director of device engineering at RealNetworks. In a profile Cook did last October for the Seattle P-I, Hug’s comments seemed to suggest that he was specifically targeting Amazon’s customers. “When you look at a book on Amazon, yes, you see a lot of people who have commented on that book, but you don’t really have a relationship with those people. They might be thorough opinions or reviews, but a review by someone you know or associate with would carry a lot more weight with consumers. That’s what we are building on.”
Amazon has been placing a number of what Cook calls “bets on Web 2.0 companies,” in recent months, most notably Atomic Moguls and Wikia.
Related:
-- Amazon.com’s Investment In Wikia: $10 Million; Developing Wiki-Based Search Engine

Posted in: Companies, Amazon.com, Media, Books, Social Media, Community, VC+M&A



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