Wednesday, January 19, 2011
There is money in cats
Anybody who has spent any time laughing at the crazy pictures and captions on the LOLcats website will be gratified to know that it is worth a bit of cash.According to the Independent, former journalist Ben Huh, who paid $10,000 dollars for the site in 2007 has now attracted some $30m in venture capital funding.
Mr. Huh says: "I want Cheezburger to be the ultimate leader and influence in internet culture." Well, it is certainly one of the richest now.
However, as the paper speculates the value of lost business hours as a result of people viewing the site could easily exceed this investment.
