Sequoia Puts $5 million into PopSugar

The VC that funded YouTube has invested in Blog network Sugar Publishing. Sequoia led a “$5 million” Series A round investment. Michael Moritz will join the Team Sugar board of directors. The Sugar Publishing network, which includes a number of blogs and other sites catering to “young, hip women” has only been around since the Fall of 2005, but boasts a rumored 3 million unique visitors and 20+ million page views per month. read more | digg story