App.net Raises Another $2.5M From Andreessen Horowitz

Why did we choose to raise this money? We are just starting to realize the potential of what App.net can be, and we want our developer and member community to be confident that App.net is on strong financial ground and here to stay. This financing gives us an additional cushion and resources to manage and support the infrastructure and staff that run App.net. Our team, including our investors, are 100% committed to App.net’s services-based business model where our customers are our users, not advertisers.