Is this the equivalent of a young upstart phenom signing his first big contract?
All Things D reports that SB Nation raised $10.5 million in Series C funding. Khosla Ventures led the round. The collection of 290 sports and news sites had previously raised $13 million.
Kara Swisher believes SB Nation will be valued in the $60-$90 million range.
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Markos Moulitsas, of Daily Kos fame, and others founded the startup in 2003 which has thrived recently under the leadership of Jim Bankoff.
(H/t Fang’s Bits.)