Scribd gets $3.5 million additional capital

[Charles]

The largest social document site which is at most comparable to be the "YouTube" of document, hails from its more emerging traffic and now adding the additional capital of $3.5 million by Redpoint, as its CEO Geoffrey Yang joins the company's board.



Because of the ouitpouring of such huge capital for Scribd, the result is the expansion of the programming department of the said company. As could be seen and reviewed from Scribd's other press releases, it is not only redpoint that has offered such huge capital, so the company is now well funded and its operations are expected to be on the high side. Read the rest of the article - Scribd & Redpoint.