Tumblr is exactly the kind of startup that’s supposed to be gasping for air in today’s dismal economy: A trendy but niche Web service with a prominent founder and exactly zero revenue.
Instead, the New York-based company has just raised a $4.5 million Series B round that its CEO, 22-year-old David Karp, says will fund it for two and a half years.
From the Wall Street Journal today.
Here's my Tumbir. I use it as a post-modern news in brief, or NIB as I believe they used to say.