Meebo Comes Down with Wall Street Fever Too

No no, they aren't going public. But they have gone the east coast institutional money round along with Ning, Slide, Glam and others, according to TechCrunch. Per my Businessweek column and video on TT, we can now put Meebo in the category of "Not For Sale." Digg is one of the only ones on my list who hasn't yet raised what I'm calling a "recession round."

I've never really gotten where the business is in Meebo, but I know a lot of people love the service and I've always liked the founders a great deal on a personal level. They are savvy entrepreneurs. I hope the cash infusion helps them figure out the business model so bored students on library computers everywhere can continue to IM one another.