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Alex Chung
CEO/Co-founder at Giphy
Alex Chung is the Founder and CEO of Giphy. His previous startups include Artspace, a leading ecommerce destination for contemporary art, The Fridge, a private social network acquired by Google, and General Displays, a GE venture developing GE's next generation of HDTVs. He has also directed media technology for MTV, NBC, Comcast, Charter, and managed future technologies for Paul Allen's R&D lab. He was one of the early architects of interactive television and started his career as a hardware engineer at Intel. Alex was named on Business Insider's Top 25 most influential technologists in New York and has degrees in philosophy, electrical/computer engineering, and graphic design.
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While other startups struggle, Giphy lands $55 million in a week
How do you pronounce "GIF"?
In Silicon Valley, it's pronounced 'cha-ching.'
Giphy, a service for finding, making and sharing the entertaining, bite-size little video clips known as GIFs, announced Tuesday that it has raised an additional $55 million in funding at a $300 million valuation.
Investors apparently believe there's lots of money to be made in all those cat GIFs you share with your coworkers.
But the collective reaction to Giphy's valuation on social media could best be described as:
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