Delicious founder raises $3M to put “the useful back in social software”

November 24, 2010 5:46 PM
Anthony Ha
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Joshua Schachter, the founder of social bookmarking startup Delicious, is working on a stealthy startup called Tasty Labs, and the company just raised $3 million in funding from two big-name firms — Union Square Ventures and Andreessen Horowitz.

Schachter left Google in June (he sold Delicious to Yahoo back in 2005), and his new company came to light earlier this month. Union Square’s Albert Wenger (formerly president at Delicious) announced today that he has invested in the company, along with Andreessen Horowitz and a group of angel investors. A filing with the Securities and Exchange Commission revealed that funding round totaled $3 million, and that Wenger has joined the Tasty Labs’ board of directors.

So what does Tasty Labs do? Wenger isn’t saying, and the Los Altos, Calif. company’s website isn’t saying much either. The website says that it won’t offer pet food reviews, won’t create open source operating systems for unmanned aerial vehicles, won’t be a marketplace for used satellites, and that it aims to put “the useful back in social software.”

Hopefully, we’ll find out what actually means soon.

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  • http://twitter.com/ron_sparks Ron Sparks

    The drop down menus on this website are under your top banner so users can not see the menu items… Just a heads up, you can delete this comment but I didn't know where to share this.

  • http://www.digitalundivide.com donfelipe

    Joshua is a very lucky guy. He is making money without saying a word. I’ll like for him to teach me that trick.

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