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September 26, 2006

Microsoft Social Networking SIte Wallop Raises $10 Million

posted by MR WAVETHEORY at 9/26/2006 07:11:00 PM
Microsoft's social networking site Wallop has raised $10 million. The investors are Norwest Venture Partners, Bay Partners and Consor Capital. This is just one week following Soapbox's launch. You can bet the Wallop spinoff is a sign of more Microsoft spinoffs to come. Microsoft is a hotbed of innovation trapped inside a big software company waiting to be unleashed. I would bet there is more to come. I can just see a line of VCs waiting to invest in these Microsoft spinoff companies.

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