The Microsoft Research Labs spinoff has launched their Flash based, social networking service, Wallop to compete with MySpace, Facebook, Yahoo 360, etc.
I reviewed Wallop in June of last year. At that time, I don’t know what the official plans are but I would not expect to see Wallop open up as more than a research project.
com.
So many social networking sites, so little time.
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Microsoft’s social networking site Wallop has raised $10 million. The investors are Norwest Venture Partners, Bay Partners and Consor Capital. This is just one week following Soapbox’s launch. You can bet the Wallop spinoff is a sign of more Microsoft spinoffs to come. Microsoft is a hotbed of innovation trapped inside a big software company waiting to be unleashed. I would bet there is more to come. I can just see a line of VCs waiting to invest in these Microsoft spinoff companies.