 In June 2007, they received venture capital funding from Sequoia Capital, and in June 2008, they announced a partnership with HBO.On August 3, 2016, Funny or Die shut down one of its California offices, reducing its headcount by 30% to 95 employees, with the announcement coming just two months after the new CEO, Mike Farah, took office.Unlike other viral video sites, members of Funny or Die are encouraged to vote on videos which they view, with the options of "Funny" or "Die".