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Mint grabs some big VC money!

October 17th, 2007 · 1 Comment

I’m really curious to see how the battle of the personal finance sites plays out in the next year or so.  Mint announced this morning that they’ve raised $4.7M in VC moneyWesabe has some VC backing, but not nearly that much.  While I prefer the Wesabe model of the community helping each other find savings, it appears that VC’s seem to think that the paid advertising model Mint employs will ultimately win out.  I’ve heard Jason say it before though, their members are the most important thing to them, and not necessarily making the most money.  And with Quicken Online , it’ll be an interesting year…

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1 comment for this entry ↓

  • 1 Marc Hedlund // Oct 23, 2007 at 1:16 pm

    Hey, just a note, Wesabe has raised a total of $4.9 million in investment (I believe Mint has raised somewhat more in total, but not substantially more). There’s lots of good competition to be had here, but on that front it’s all much the same….

    I agree it will be an interesting year!

    Thanks,
    Marc Hedlund, Wesabe

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