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	<title>Observer &#187; Stack Overflow, Now Stack Exchange, Raises $12 M.</title>
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		<title>Observer &#187; Stack Overflow, Now Stack Exchange, Raises $12 M.</title>
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		<title>Stack Overflow, Now Stack Exchange, Raises $12 M.</title>

		<comments>http://observer.com/2011/03/stack-overflow-now-stack-exchange-raises-12-m/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 20:29:31 -0400</pubDate>
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/joel-spolsky1.jpg?w=300&h=200" />The fast growing Q&amp;A network Stack Overflow has decided to take a new name along with its just announced<a href="http://blog.stackoverflow.com/2011/03/a-new-name-for-stack-overflow-with-surprise-ending/"> $12 million B round.&nbsp;</a></p>
<p>From now on its Stack Exchange, a nod to the diverse portfolio of sites that have grown out of the original community of computer programers.&nbsp;</p>
<p>"We were pretty sure that given the current market conditions, we could easily raise a big pile of new Unicorn-bucks without losing control of the company," wrote co-founder Joel Spolsky. "We made a few phone calls, took a few meetings, I flew to London and Boston, and hey presto, we sold another $12 million worth of the company to some great investors."</p>
<p>That's a bit of tounge in cheek banter on the current state of venture capital. <em>The Observer</em>&nbsp;has learned that SE still has plenty of money left over from its last round of funding. But with all the indicators pointing in the right direction now seemed like a good time for SE to bank for a rainy day.&nbsp;</p>
<p>Answers are piling up about cooking, photography, even bike repair. In Area 51, where SE incubates new topics, firearms and music theory are closing in on public beta.&nbsp;</p>
<p>Given that Silicon Valley Q&amp;A site Quora has a valuation of $300 million -- and SE is bigger, faster growing and well capitalized -- some <a href="http://gigaom.com/2011/03/09/stack-overflow-raises-12m-now-called-stack-exchange/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+OmMalik+(GigaOM:+Tech)">pundits are wondering if New York has a potential powerhouse on its hands.&nbsp;</a></p>
<p>bpopper [a]t observer.com | @benpopper</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/joel-spolsky1.jpg?w=300&h=200" />The fast growing Q&amp;A network Stack Overflow has decided to take a new name along with its just announced<a href="http://blog.stackoverflow.com/2011/03/a-new-name-for-stack-overflow-with-surprise-ending/"> $12 million B round.&nbsp;</a></p>
<p>From now on its Stack Exchange, a nod to the diverse portfolio of sites that have grown out of the original community of computer programers.&nbsp;</p>
<p>"We were pretty sure that given the current market conditions, we could easily raise a big pile of new Unicorn-bucks without losing control of the company," wrote co-founder Joel Spolsky. "We made a few phone calls, took a few meetings, I flew to London and Boston, and hey presto, we sold another $12 million worth of the company to some great investors."</p>
<p>That's a bit of tounge in cheek banter on the current state of venture capital. <em>The Observer</em>&nbsp;has learned that SE still has plenty of money left over from its last round of funding. But with all the indicators pointing in the right direction now seemed like a good time for SE to bank for a rainy day.&nbsp;</p>
<p>Answers are piling up about cooking, photography, even bike repair. In Area 51, where SE incubates new topics, firearms and music theory are closing in on public beta.&nbsp;</p>
<p>Given that Silicon Valley Q&amp;A site Quora has a valuation of $300 million -- and SE is bigger, faster growing and well capitalized -- some <a href="http://gigaom.com/2011/03/09/stack-overflow-raises-12m-now-called-stack-exchange/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+OmMalik+(GigaOM:+Tech)">pundits are wondering if New York has a potential powerhouse on its hands.&nbsp;</a></p>
<p>bpopper [a]t observer.com | @benpopper</p>
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