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YCombinator has almost become a benchmark in seed stage investing. They have invested in a lot of companies, and many of their companies are doing exceptionally well. Scribd, a YCombinator funded company is recently generating a lot of buzz. Loopt has already raised $5 million in VC funding from Sequoia Capital and New Enterprise Associates, and Reddit got acquired. With so much going on, its all but natural that others start to replicate what they are doing. According to Paul Graham’s own words:

… it was inevitable that people would copy us. People don’t copy you if you are not successful. It is also a sign that it is working…

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Geni, which could rightfully be called a Social Network for the family has raised $10 million in their second round of financing from Charles River Ventures at a post money valuation of $100 million, which is a staggering amount considering the fact that the service is just a few weeks old. George Zachary from CRV will be joining the Geni Board. Geni initially raised $1.5 million from the Founder’s Fund.

Geni currently boosts 100,000 registered users with 2 million family nodes.

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