Redpoint to put up to $13M into Answers Corp.

Ask is a successful company, so why not Answers, too? To help hedge its bets, publicly-traded Answers Corp. (NASDAQ: ANSW) has inked an agreement for up to $13 million from Silicon Valley VC firm Redpoint Ventures, with $6 million being delivered immediately.

Answers runs a two sites, Answers.com and WikiAnswers.com. The former is the company’s flagship site, drawing in content from an in-house editorial team, Wikipedia, and WikiAnswers, a question-and-answer site that relies on user contributions.

The… Continue Reading