Austin Hill's Akoha project just announced that they have $1.9 million in funding thanks to a dozen angel investors.
For those who don't know, Akoha is ... uhh ... what does the "About Us" page say again? Something about fun and play and sharing and making the world a better place.
It could be a social-networking site for fundraisers or it could be a giant multiplayer Pong game with the Sesame Street theme playing all the time. They're still kind of being coy about it.
I'm not much connected to the investor/rich-people market (if I did, I'd probably have a better apartment and/or life), so the names don't quite impress me. The one I do recognize is Jonathan Wener, who sits on Concordia University's board of governors and its real-estate committee. He's a big reason behind the new buildings they have, to the point where I don't know why he doesn't have one named after him yet.
More importantly, he's very rich and not one to waste money on some go-nowhere startup without a plan. That alone makes me think Akoha's got something here.
[...] to do more with Austin Hill’s profile than the product. The funniest on the blog coverage was Fagstein’s post: … It could be a social-networking site for fundraisers or it could be a giant multiplayer [...]