Good for them:
Automattic, the company behind WordPress.com, just secured a $29.5 million B round of financing. Congrats to Matt, Toni, and everyone else at Automattic. $29.5 million is a monster round, considering that Automattic has so far grown by sipping daintily on a $1.2 million first round secured in 2006. I can’t wait to see what is next. Really interesting to me is that with this round the New York Times joins their investors. One word for that: adaptation. The line between old media and new media blurs further.
I think this bodes well for the further development of our blogging platform. WordPress.com is not WordPress, but a site which uses WordPress to host hundreds of thousands of blogs. However, as prime developers of WordPress oriented technology they will help drive this bus forward.
About Lance
I want to thank everybody who has encouraged me over the past few years to do this. I doubt it will hold but a few people's interest, but that is okay with me. Special thanks go to Peter over at http://www.liberalcapitalist.com.
I value my privacy a great deal, so I will guess you will have to get to know me over time to find out much. I am in the financial services, wealth management, investing or whatever you want to call it business. I have children, my oldest is entering college.
I have no great or imposing academic background, my grades varied from high enough to get invited to an honors program at my university to frustrating enough to cause my father great grief. My major was history, with a minor in ethics. My main interest towards the end was in the history of economic ideas before life took a turn and I ended up never going on to graduate school. However, I have a fair knowledge of history, economics, investing and would probably be considered well read. My tastes are eclectic and I pretty much find the entire world interesting.
I have an enduring interest in how people learn about and analyze the world; my posts here will examine this topic in detail over time. I make no claims to be above the very biases and errors I see in others, in fact it is my belief that we are incapable of escaping them, only moderating their control over us.
I am a member of no political party, but I would broadly consider myself a man of the right. I am inclined to free market economics, limited government and a fairly narrow view of the role of the state. A small L libertarian if you will. However, if you are looking for broad based "the left believes..." or "wingers are so...." types of attacks on liberals, conservatives, neo-cons or whatever enemy you want to slam, look elsewhere.
Lance
Wow. That’s a HUGE B round. Especially considering the initial round.