Thursday, July 17, 2008 Media Site AlleyInsider Gets Funding From Allen Morgan And Others; $6 Million Valuation "AlleyInsider, the year-old media/tech news site founded by Kevin Ryan, Dwight Merriman, and Henry Blodget, has received less than $1 million in funding at $6 million post-money valuation, we have learned. The investor group includes Allen Morgan, former partner at Mayfield (he is in the process of leaving the firm) and was part of the dissident shareholder group that was fighting to take control of New York Times (NYSE: NYT). Morgan was part of the Harbinger and Firebrand nominees slate for the NYT board...the newspaper settled with the group earlier this year and nominated two other board members. I wouldn’t be surprised if others in the SAI investor group include some from that group. Ryan and Merriman provided initial seed funding, and the company is part of Alley Corp, the holding company that Ryan runs in NYC. Ryan told us in April that they were at the beginning stages of raising between $750,000 and $2 million.
SAI also recently launched two new sites: Clusterstock, a stocks news and analysis site, and The Business Sheet, a business news tabloid site.
Morgan has recently started investing on his own, outside Mayfield, and has invested in Socialmedian, the social news site started by former Jobster CEO Jason Goldberg.

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