Pinterest raises $100 million
Pinterest, an image-based social network, raised $100 million in a financing round that values the company at about $1.5 billion, according to a person with knowledge of the matter.
The valuation seems entirely justified to us, and one datapoint that goes to showing why is the fact that, according to this chart from Capstone Investments' Rory Maher, Pinterest already drives as much referral traffic as Twitter, despite being much younger and smaller.