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Investments

11

Portfolio Exits

1

About Richard Socher

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Latest Richard Socher News

You, another new search engine, hopes privacy can help it take on Google

Nov 9, 2021

The Washington Post You, another new search engine, hopes privacy can help it take on Google Google dominates the search market, but smaller search engines are focusing on its weak spot to try and lure people away Loading... Today at 8:00 a.m. EST There’s a new search engine in town, and it’s the latest in a long line of competitors hoping to shave off just a sliver of Google’s billion-dollar search business. The website is called You — not to be confused with the pronoun or the Netflix show staring Penn Badgley. The company hopes a combination of summarizing other sites’ results, similar to Google, and a private browsing mode will be enough to lure in casual searchers. Instead of a list of links, You’s results are sorted into rows, with each having a carousel of options from sites such as Twitter, Reddit and BBC, or types like images and traditional search results. The eventual idea, says the company, is to use artificial intelligence to give a more customized results page that people don’t need to leave. The search engine is launching as a public beta on Tuesday at You.com and is notable for the Silicon Valley money behind it. It’s backed by Salesforce founder Marc Benioff and has raised $20 million in funding. Like many smaller search services, You relies heavily on other engines such as Yelp’s catalogue of businesses, LinkedIn’s catalogue of people who’ve had jobs and Wikipedia’s catalogue of facts. While it does index some of its own content, You is also partnering with Microsoft’s search engine Bing for some results. In the future, sites could customize their own results boxes, says the company. Advertisement Story continues below advertisement On You, the fully private “incognito” mode is opt-in and means it is not collecting data. If you search in regular mode, it does collect data to customize your results but has no targeted ads. In fact, the company has no plans for making any money at this time, says co-founder and chief executive Richard Socher in an interview, which frees it up to not have any ads at all. For now the product is a webpage, You.com , and a browser extension, and it only does searches in English. Socher thinks the entire economy is moving online, and there’s still one gatekeeper: Google. “They’re invading privacy to squeeze out more and more performance,” he said. Advertisement Story continues below advertisement Google has dominated the market for so long, its name is interchangeable with the word “search” and it is the default search option on most browsers and phones. The 23-year old search engine consistently has nearly 90 percent of the market share in the United States, while Microsoft’s Bing comes in second with around 6 percent, according to data from StatCounter . Below those two, smaller rivals are seizing on Google’s weak point — growing concerns around privacy. Most well known is DuckDuckGo , which is notable for not collecting people’s data, such as search histories. The site has been around for 13 years but gained visibility as people became aware of the trade off they make for “free” Internet services including Google and Facebook. Other options playing up privacy include Brave , which launched a privacy-focused search engine to run on its browser earlier this year, and Ecosia , which invests its profits in planting trees and claims it is “privacy friendly.”

Richard Socher Investments

11 Investments

Richard Socher has made 11 investments. Their latest investment was in Ellipsis Health as part of their Series A on August 8, 2021.

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Richard Socher Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/31/2021

Series A

Ellipsis Health

$26M

Yes

4

8/26/2021

Series A

Workera

$16M

Yes

3

3/31/2021

Seed VC - III

Price.com

$10M

Yes

3

3/11/2021

Series B

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$99M

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10

12/12/2019

Series A

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$99M

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10

Date

8/31/2021

8/26/2021

3/31/2021

3/11/2021

12/12/2019

Round

Series A

Series A

Seed VC - III

Series B

Series A

Company

Ellipsis Health

Workera

Price.com

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Amount

$26M

$16M

$10M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

3

3

10

10

Richard Socher Portfolio Exits

1 Portfolio Exit

Richard Socher has 1 portfolio exit. Their latest portfolio exit was Zebra Medical Vision on August 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/10/2021

Acquired

$991

7

Date

8/10/2021

Exit

Acquired

Companies

Valuation

$991

Acquirer

Sources

7

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