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Formspring

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Startup that helps people find out more about each other by sharing interesting & personal responses

San Francisco, United StatesFounded 2009Consumer Services
Valuation $50–100M Last recorded · 2011
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Formspring and the history behind them.

About Formspring

Formspring was a social question-and-answer platform that experienced a meteoric rise and subsequent decline in the early 2010s. The company was established in November 2009 by co-founders Ade Olonoh and John Wechsler, originating as an offshoot of a different venture. Olonoh, a computer science engineer, had previously founded Formstack, an online form builder for businesses. He observed a significant number of users leveraging Formstack to create "ask me anything" style forms for their blogs. Recognizing this emergent user behavior, Olonoh developed and launched Formspring.me as a side project to directly serve this need.

The platform's core offering was straightforward: it allowed users to create profiles where anyone, including anonymous visitors, could ask them questions. This simple premise fueled rapid, viral growth, as users were eager to invite friends to their profiles to solicit questions. Formspring achieved remarkable early traction, reaching one million registered users within its first 45 days and growing to over 25 million users by mid-2011. The platform was spun off into its own company, relocating from Indianapolis to San Francisco and attracting a total of $14.3 million in funding from investors including Redpoint Ventures, Baseline Ventures, and SV Angel. The business model was not clearly defined at launch, with plans to introduce an advertising-based revenue stream later on.

The service enabled users to get to know each other on a deeper level beyond typical social media status updates by facilitating direct, conversational Q&A. Its main feature was the profile page with an inbox for incoming questions, which users could then answer publicly. The key differentiator was the option for questions to be asked anonymously, which fostered a sense of raw, unfiltered communication. However, this same feature became the company's greatest challenge. The anonymity led to widespread cyberbullying, with a number of tragic teen suicides linked to cruelty on the platform. Faced with mounting controversy and competition from larger platforms like Tumblr that replicated its core Q&A feature, Formspring struggled to maintain momentum. Despite efforts to combat bullying and redesign the site, user engagement declined. The company found it challenging to sustain the resources needed to operate and announced its shutdown in March 2013, with its assets later being acquired by Spring.me.

Source: Dealroom company data

At a glance

Status
Low Activity
Founded
2009
Headquarters
San Francisco, United States
Open positions
None listed
Dealroom signal
0.0/100
Industry
Media
Sub-industry
Social media
Sector
Consumer Services, SaaS, Social, Sharing Economy
Client focus
b2c
Investment activity
1 company, latest Apr 2011
Capital deployed
—
Preferred round
ACQUISITION

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Mar 2013 $0 — Spring.me —
EARLY VC✓Equity / VC Jan 2011 $12M $46M Redpoint · Baseline Ventures —
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Growth signals

Formspring website traffic

Latest recorded traffic for Formspring is 1.8K monthly website visits, up 91.5% over the last three months.

Latest monthly visits1.8K 3-month web change+91.5%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Mike Jones

Series A11 investors entered at this stage

Other known investors1 additional known investor

  • Spring.me
Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · San Francisco HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Formspring on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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