Jigsaw raises $12M
Jigsaw, an innovator in CRM and lead identification, and one of our 50 Content Companies that Matter, has raised $12m in venture capital.
Austin Ventures led the round, along with prior investors Norwest Capital and El Dorado Ventures.
Despite the fact that TechCrunch believes Jigsaw to be one of the most evil companies in the world, IMO their model is nothing but a modern day version of the way that directory publishers have compiled information for years.
I am sensitive to Michael Arrington's belief that users should be able to opt-out of the Jigsaw database, but having spent many years in the compiled information business think he's overhyping the risk.
Jigsaw is hardly giving away personal information - it's not home addresses, names of children or anything else that might lead to evil use. It's simply allowing users to upload business contact information for business professionals. If you've ever subscribed to a controlled circulation magazine, you've already exposed yourself to worse.
With its low cost base, it will be interesting to see how Jigsaw uses the funds for business development.
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