Photo-Sharing for the Win: Involuntarily Recollect Halloween
October 31, 2013
The time for costumes, candy and celebration has arrived once again. For those of you who were (or plan to be) busy having fun and among the participants chanting “What happens at the Halloween party stays at the Halloween party,” not to worry—social media is here to haunt you with photos documenting that one embarrassing/hilarious/tragic thing you did behind the guise of your Halloween get-up.
VC investors are capitalizing on the indubitable popularity and influence of social media, completing 339 deals involving U.S.-headquartered photo-sharing-related companies since the beginning of 2003, according to the PitchBook Platform. Capital invested in these companies steadily climbed each year during that timeframe until declining in 2009 (26 deals totaling $262 million in capital invested), but then surged in 2011 (52 deals totaling over $2 billion invested). Although capital invested dropped again in 2012 ($298 million), deal count forged ahead last year with 57 transactions completed. 2013 has already more than doubled last year's capital invested total and is on pace to see the most photo-sharing-related deals ever completed in a single year.