Amazon’s Jeff Bezos Invests in Business Insider
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Business Insider, the business-news site co-founded by former Internet analyst Henry Blodget, has raised $5 million in venture capital from investors led by Amazon CEO Jeff Bezos.
Mr. Bezos, an avid reader of the site, is making his first investment in the company and brings the startup’s total funding to $18.3 million, Business Insider said. Other investors included RRE Ventures and Institutional Venture Partners. The site’s earlier backers have included venture capitalist Marc Andreessen and Ken Lerer, a co-founder of the Huffington Post.
“Jeff’s leadership, vision and philosophy at Amazon have been an inspiration to a whole generation of startups and entrepreneurs, including me,” Mr. Blodget said in an interview with Bloomberg News. “It is a privilege and pleasure to have him invest in the company.”
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