In the bleakest economic times that I can remember, I am pleased to report that Revolution Money was able to secure $42 million in new venture capital funding to help expand its operations.

The company will use the funds to continue to grow merchant acceptance; to drive online and consumer adoption of our products; and most importantly to continue to innovate and advance our technology platform.

I am very proud of these efforts and for the vote of confidence this implies in our business plan and in our management team.

I am also proud that we added an affiliate of Goldman Sachs to the investor syndicate.

Here is the actual news release with all of the details: seriescrelease040609final.doc

I am very happy to serve as Chairman of this company and to work so closely with Steve Case and the Revolution team. I am an investor and financier of this company as well.