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Social Networking Site SodaHead Gets $4.25 Million Funding

By Rafat Ali - Fri 10 Nov 2006 03:34 PM PST

SodaHead, a Santa Clarita-based social networking startup headed by Jason Feffer, former VP of Operations for MySpace, has raised about $4.5 million in funding, reports SocalTech. The round was led by Mohr Davidow Ventures, and also included participation by the Tech Coast Angels.
Om reports that the site, not yet launched, is targeting grown ups who want to have grown up conversations about like price of natural gas or war in Iraq.

Posted in: Money, Social Media, VC+M&A

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From Vinnie Apicella Mon 13 Nov 2006 08:48 AM

Like they don’t have a million of these things already for all of the posting boards and forums out there? What else does this Soda Head thing have to offer? Seems to me that another chat room for grown ups does not really warrant $4.5 million in venture capital and would be better spent elsewhere.

From Sol Mon 13 Nov 2006 11:36 AM

There’s a site called Gather.com that does the same exact thing. They recently raised $5MM. Seems like the space is becoming a bit saturated.