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Mobile Service Provider flipt Lands $5 Million in First Round

Authored by dmw on May 1, 2006 - 7:06pm.
Palo Alto, Calif. - Newly formed mobile service provider flipt said on Monday that it has received $5 million in its first round of funding, co-led by Sequoia Capital and New Enterprise Associates. The company was founded by CEO Sam Altman during his sophomore year at Stanford, where he was studying computer science. Altman said that he developed the service, which will be geared toward teens and 20-somethings, to better organize his social life. The company plans to unveil its service in the coming weeks, when it will also announce executive team additions and mobile carrier partnerships.
tags: Deals | Mobile | VC | Mobile Deals | People | Sequoia | flipt | NEA | Sam Altman | Stanford |