LaunchBit, Co-Founded By CEO Elizabeth Yin And COO Jennifer Chin, Raises $960K To Grow Ad Network For Email
A round of seed funding and a planned move to join Las Vegas’s burgeoning tech scene were announced.
By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
The rising popularity of email newsletters as a reliable source of information dissemination – being that social media is very noisy right now – spurred high school best friends Elizabeth Yin and Jennifer Chin to devise a solution for advertising in newsletters – LaunchBit.
This week, LaunchBit announced on TechCrunch raising $960k in seed funding from 500 Startups, Zappos CEO Tony Hsieh’s VegasTech Fund and others.
Women 2.0 talked to Elizabeth Yin about the fundraising process and her tips for entrepreneurs:
Women 2.0: Congrats on the fundraising announcement! How was the process?
Elizabeth Yin: It’s a full-time job, for sure, if you want to do it right. And so, you definitely have to weigh the tradeoff between spending your time fundraising and building your business.
Women 2.0: What is this move to Vegas?
Elizabeth Yin: Very excited about Downtown Project‘s vision and be a part of that. Vegas will become a very interesting place in the next couple of years.
Women 2.0: What is the top piece of advice for early entrepreneurs seeking to raise capital?
Elizabeth Yin: Keep your pipeline of investor meetings full to create urgency.
Congrats to LaunchBit on the successful fundraising, signaling a coming acceleration of their business!
We at Women 2.0 remember the early days at LaunchBit when it was an initiative to teach early entrepreneurs to test and validate startup ideas for less than the price of an iPad.
Also, we are especially proud of these entrepreneurial technical women leaders. Elizabeth Yin holds a BS in Electrical Engineering from Stanford University and Jennifer Chin holds a BA in Chemistry and Physics from Harvard and a Ph.D from MIT in Materials Science – where she held the National Science Foundation fellowship and the Bell Labs fellowship.
Find more technical women leading startups at this list – we welcome your contributions to the list by leaving a comment or emailing us.
Angie Chang co-founded Women 2.0 in 2006. She currently serves as Editor-In-Chief of Women 2.0 and is working to mainstream women in high-growth, high-tech entrepreneurship. Previously, Angie held roles in product management and web UI design. In 2008, Angie launched Bay Area Girl Geek Dinners, asking that guys come as the “+1″ for once. Angie holds a B.A. in English and Social Welfare from UC Berkeley. Follow her on Twitter at @thisgirlangie.