Lightspeed Funding Turns Facebook Application Into "Serious Business"

TECH CRUNCH -- Apr 25 -- A little Facebook application called "Friends For Sale" has grown into a full blown venture backed startup ironically named "Serious Business", which just raised $4m from Lightspeed Venture Partners and currently draws over 600,000 daily active users on Facebook. "Friends for Sale" lets users virtually buy and sell friends. Serious Business is not without competition. Zynga and SGN are well funded social gaming startups. However, Serious Business has a much larger hit than either, so far. "Friends for Sale" has also already been cloned as "Owned", which draws about the same level of traffic some days. FULL ARTICLE @ TECH CRUNCH