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Re:Ask HN: How do Tumblr & Posterous make money? by unohoo on Wednesday August 25, 2010 @09:34PM (#1634771)
Unfortunately, I'm not a VC so cant offer a response that'd do justice to your question. Most of the VC investments happen based on the team and little based on the idea (at least thats what I've read everywhere) - so I guess the founders impressed the investors enough to invest.

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