Social Media Reading App Company Flipboard Raising Funding At $200 Million Valuation

Social media reading application company Flipboard is raising funding that would give them a $200 million valuation according to sources with AllThingsD. The valuation is subject to change. Flipboard was co-founded by Mike McCue and former Apple iPhone engineer Evan Doll. When Flipboard launched in January, they had raised $10.5 million in VC funding from Kleiner Perkins, Index Centures, Jack Dorsey, Dustin Moskovitz, Ron Conway, Ashton Kutcher, and Peter Chernin. Flipboard has zero revenue thus far. [AllThingsD]

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