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04

Secret’s Out, Tech Valuations Might Not Be Totally Realistic

By Tony Seruga

Burningman Franklin Remember Secret, the Twitter/Facebook mashup for those who preferred to say hateful things behind a veil of anonymity?

In July, the Wall Street Journal had this to sayabout the startup that everyone was talking about (but not using their own names, that would have been social suicide)…

Anonymous-messaging app provider Secret is likely among the fastest of any startup to reach a nine-figure valuation.
Founded just nine months ago in San Francisco, Secret said it has raised $25 million from a group of investors led by Index Ventures, co-founder Chrys Bader-Wechseler said in an interview. A person familiar with the matter said investors now value the company at $100 million. Redpoint Ventures, SV Angel, Fuel Capital and Ceyuan Ventures also participated in the Series B round of financing…

Secret’s Out, Tech Valuations Might Not Be Totally Realistic

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