Business 2.0 story on Blogging for Dollars and The Daily Deal have created quite a buzz. Some have questioned why would VC’s back bloggers. Don Dodge who works for Microsoft comes down hard on the investments and what the bloggers going to do with the money. He is working on an assumption that we raised $5 million like Arianna Huffington’s company. Don didn’t write to check, but that’s cool. Life has a habit of getting in the way of good intentions. Dead 2.0 Skeptic emailed to ask how much we raised, and well its not $5 million. That information found its way into this post of his, which is another take on this whole meme.
One thought on “A million here, a million there”
I am a long time reader of your blog and have the highest respect for you and Arianna. I questioned the VCs for making a $5M investment, not the bloggers for taking it. I am truly sorry if my post led to an assumption that you also raised $5M.
My post didn’t say you took $5M, in fact I didn’t mention an amount because I have never seen it published or confirmed.
I said in a followup post “Om and Arianna are definitely A-Listers. If anyone can do it they can. But it is a risky bet indeed.”
Robert Scoble told me you plan to build out a blog network. That would make sense and explain why VC money was needed to fund that type of expansion. Still, it is hard to understand how Arianna could need $5M…unless she is taking a traditional media approach with an office, staffers, and overhead.
Good luck to you. I truly hope you are successful. And, of course I will keep reading your blog on a regular basis.
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