aSmallWord Obtains Multi-Million Dollar Investment

It is a good day to be a social networking site. The second SN site of the day, aSmallWorld.com, has announced a multi-million dollar funding deal. aSmallWorld.com is a very exclusive social network. One can only join if they are invited by a member with a certain amount of network connections.

Although they only have 130,000 members, aSmallWorld generates revenue through advertising. I imagine they are able to charge a decent premium considering their audience. According to Techcrunch, some famous members include Naomi Campbell, Paris Hilton and James Blunt. Obtaining this type of crowd must have taken some decent connections in order to seed the site.

[tags]Social Networking, aSmallWorld, funding, venture capital, techcrunch, Brian Balfour[/tags]