Slide.com, developer of some of the most popular Facebook applications, has raised another $50 million, putting the valuation of the company at $550 million.
Both the cash put into the company and the valuation are significant as just a few consumer Internet companies have the same or a higher valuation. Proven team, co-founder of Paypal, and popular product goes a long way, even though the actual revenues are not at the level of a $550 million valuation yet. Raising a significant amount of cash at this time, gives Slide flexibility even if the business cycle goes south the next few years.
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