The company has raised $6 million in venture capital - all of it prior to 2008 - plus another million dollars or so in debt from Western Technology Investment.
The company has been trying to raise a new round of venture capital and almost succeeded in early 2010, sources say, but for a variety of reasons the deal never closed. Facebook was also close to acquiring the company in the Summer, say multiple sources. The deal, like many other Facebook acquisitions, would have given investors some of their capital back, with lucrative stock-based compensation going to founders and employees.
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