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	<title>Donagh Mc Sweeney &#187; seed capital</title>
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		<title>Loopthing &#8211; An exciting milestone ahead</title>
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		<pubDate>Wed, 23 Sep 2009 15:39:22 +0000</pubDate>
		<dc:creator>Donagh Mc Sweeney</dc:creator>
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		<guid isPermaLink="false">http://www.donaghmcsweeney.com/?p=131</guid>
		<description><![CDATA[It's been a long, yet quick road from the the time when Loopthing was just a simple concept to what it is today. Development of our business social network is continuing every day and it's exciting to see it grow.[...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-136" title="seed" src="http://www.donaghmcsweeney.com/wp-content/uploads/2009/09/seed1-300x196.jpg" alt="seed" width="270" height="176" />It&#8217;s been a long, yet quick road from the the time when<a title="Loopthing" href="http://www.loopthing.com" target="_self"> Loopthing </a>was just a simple concept to what it is today. Development of our business social network is continuing every day and it&#8217;s exciting to see it grow.</p>
<p>On April 7th of this year we launched the site in beta mode which allowed us to show what we&#8217;d developed to the world at large, while still working on features in the background. There&#8217;s been some ups and downs but now I&#8217;m glad to say that we are planning an Official Launch on October 20th. It&#8217;s an exciting milestone!</p>
<p>The official launch of the site will be accompanied by Loopthing&#8217;s first business application. I&#8217;ve mentioned these applications in passing to a number of people over the previous months and October 20th the first of these will be revealed. The business applications are something which I believe will really catch the imagination of many businesses and be of great benifit!</p>
<p>As well as the hustle and bustle that comes with preparing with for such an event, we are also holding out first seed funding round. It&#8217;s that time of the game where we are happy enough with how things are progressing that we are looking for some extra capital for the company. Such seed funding will give the project that extra push. You can see more about this over on the <a title="Seed Funding" href="http://blog.loopthing.com/loopthing-seed-funding-round/" target="_self">Loopthing blog</a>.</p>
<p>Keep your ear to the ground for some more announcements over the coming weeks.</p>
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