Cambodia’s ‘Buzzfeed’ Attracts Silicon Valley Investment
Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed, has become the country’s first local tech startup to attract the backing of Silicon Valley investors. A $200,000 investment to be exact. The money came from 500 Startups, a global venture capital seed fund and startup accelerator founded by PayPal and Google alumni, Dave McClure and Christine Tsai, who took notice of the website, launched five years ago. The grant pushed the company’s value to more than $1 million, according to In Vichet, Khmerload’s founder and CEO. …