E-Commerce Times Talkback

Re: No More Napkin Plans: Q&A With Syncplicity CEO Leonard Chung
Posted by: Jack M. Germain 2008-12-16 14:12:55

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Syncplicity, a startup online data management company, announced last October the closing of its post-seed funding round for $2.35 million. The company offers an automated, all-in-one service for online and offline file syncing, backup and sharing. Silicon Valley-based True Ventures led a group of private investors in compiling the funding pool. Syncplicity will use the funds to accelerate enhancements and extend functionality of its on-line service to speed up the growth of its customer base.

Clarification
Posted by: leonardc9 2008-12-17 11:34:11 In reply to: Jack M. Germain

Jack – thank you for your interest and for taking the time to share your article. I would like to clarify one point that appears in the article. When asked about Syncplicity’s quest for funding, in my answer I referred to examples where valuation has been renegotiated after the term sheet. I’d like to clarify that this was in reference to other startups, and in fact never occurred in any of Syncplicity’s fundraising. True Ventures has been a great partner for us, both during and after our raise. We are very happy to have True in our corner and are looking forward to working with Phil and his team to take Syncplicity to the next level.

Thanks,
Leonard Chung, CEO
Syncplicity