It’s a new year (although it’s well underway) and I’m excited to talk about the new phase at Gigaom. In the interest of not burying the lead, here is the TL;DR version:
- We have raised $8 million in new funds from Shea Ventures (which led the current round) and our existing investors, True Ventures, Alloy Ventures and Reed Elsevier Ventures.
- I am joining True Ventures as a partner, and therefore hanging up my reporter’s notebook.
- I will no longer be a day-to-day employee at Gigaom, but will spend most of my time in a supporting role as a board member, occasional columnist and a regular fixture at our events.
And now for the long version:
In 2008, our company decided that we would not pray at the altar of pageviews and advertising metrics that do nothing but devalue our readers’ time and attention. Instead, we opted to take the road less traveled — subscription revenues.
Now in 2014, we have built a new, dynamic research platform that counts some of world’s largest companies as its customers. It is a business that is growing at an astounding rate, which is why we have added new capital to our coffers and plan to keep growing our research business.
The growing success of our research business gives us the luxury to have an editorial operation with a singular focus: providing value to our readers and respecting the attention they accord us. Together with events, our editorial operation is a free-standing business and one I am very proud to have helped create.
The company, however, has evolved well beyond a mere blog to what it is today — a group of more than 70 really smart people — thanks to the efforts of Paul Walborsky, who has been our chief executive since 2008. Together with other members of our management team, we have built a company that embodies and echoes our five core founding values.
- Give respect: the respect we want.
- Take less, give more.
- Others don’t have to lose for us to win.
- Better, not more.
- Keep it simple, keep it honest.
On a personal basis, I have decided that it is time for me to no longer be involved in day-to-day operations. I’m looking forward to a long-needed break after more than 25 years at the daily grind of writing the first draft of history.
While I will continue to write, it will be at a more measured frequency. I will be at most of our events. (I hope to see you all at Structure Data, March 19th and 20th in New York City.) I am looking forward to co-hosting Roadmap, our experience and design conference, with Katie Fehrenbacher in November 2014 and we will soon announce further details.
I will remain on the board of directors at Gigaom and will spend all my energies as an assistant to Paul and the rest of our stellar team. I am so proud that what started as a solo WordPress blog seven years ago has blossomed into a modern media company.
Our editorial operations are in good hands. Tom Krazit, our executive editor, is a man of many talents and has the youthful vigor to help nurture and grow a media entity for a 24-hour life cycle. Krazit, along with my editorial colleagues, including my longtime friends Katie Fehrenbacher and Stacey Higginbotham, are great stewards of what we have all built together. It’s an editorial approach that is built on simple principles: We love technology, we write with passion and we vow to treat our readers’ time and intelligence with respect by giving them the most complete picture of our modern technology world.
What we have done, and will continue to do, is different and difficult. Our writers and editors will continue to produce the most impactful events and provide the best coverage and commentary in the world of technology, bar none.
“Now it is time for the next chapter,” wrote Derek Jeter, the New York Yankees shortstop and my 2nd favorite Yankee (behind Bernie Williams), sharing his intention to retire at the end of 2014. “I have new dreams and aspirations and new challenges. And I want the ability to move at my own pace, see the world and finally have a summer vacation.”
I relate to Jeter’s desire to find life outside of work. Living a 24-hour news life has come at a personal cost. I still wake in middle of the night to check the stream to see if something is breaking, worrying whether I missed some news.
It is a unique type of addiction that only a few can understand, and it is time for me to opt out of this non-stop news life. After five years as a “venture partner,” I am joining True Ventures as a partner, and thus bringing an end to my life as a professional journalist.
Thank you for reading, and if you so wish, you can also keep up with me on Twitter @om and Facebook. I also have a personal blog in case you like the Yankees, have a fondness for electronic/global music and like to obsess about shoes. Don’t worry, I will continue to write; just at a pace that is more befitting my new lifestyle and about things that have nothing to with deadlines, pitches or news.
In closing, I quote the famous Japanese writer Haruki Murakami, who once said, ”Writing, to me, is the meaning of life. My life became something special because of writing.”
177 thoughts on “Now that Gigaom is all grown up, it's time for the next chapter”
Excited for you Om. Glad I get to brush shoulders with you often over great cups of coffee.
Lol. He is
Shane — you got it brother.
First comment on last Om Malik article!
Dude Max, you are always the first 🙂
Congratulations Om. Promise us that you won’t ever stop speaking the truth when others are reluctant to. It is this reason that has made me a huge fan of you and your voice. All the best on your next chapter!
Rob, nothing to worry about that. Our team will do one better and we appreciate your love.
good luck, friend-o
Thanks Mike. I hope to see you soon.
congratulations and best wishes to you in your new venture, Om!
Thanks Anthony. I am going to try for sure.
Om, thanks for your contributions to the industry and in making sense of the world. best wishes for your next chapter.
Thanks Chetan for supporting us so early in the game. I will always remain in your debt.
Way to go Om. And of course you threw in a Jeter reference.
Derek Jeter is a true champion 🙂 thanks Dan
Best of Luck !!!
Thank your ashwin
The best of luck!
Congrats, and well-deserved, Om. 🙂
Sad for us, regular ‘deadline news’ readers, and happy for you.
Thanks for your very unique voice and thinking outside the box on daily basis.
Am sure you’ll bring it with you to the next chapter.
Happy trails and best of luck!
Thanks @sharon — see u on Instagram
Congrats Om! Love your work
Congrats on the much-needed break. Does this mean I have to start paying for coffee on Saturday mornings now?
Nah. I can still pay for my own coffee @nick thanks for looking out.
Congrats to you *and* True. Talk about good news.
Thanks @thomas. I am super excited.
Good luck to you in your big new venture, Om. You and your team have delivered high quality content and ideas for years, and those of us consuming the news are better for it. Thanks for being a thoughtful and sharp Silicon Valley player.
Appreciate the kind words @louis. Hope to see you soon.
Good luck, sir.
Thank you @tony
Thanks for providing a honest, direct and fun place to follow technology and good luck with the next chapter.
Thank you for reading and giving us your attention.
Great job Om! Sure we will get to hear you one way or the other. You have been humble, incisive and to the point in your articles and how GigaOm has conducted itself. Cannot say that of many others in the field. Good luck
Thanks @satya. My team is better than I will ever be.
Congrats Om. I’m sure you feel like you’re on top of the world right now. Looking forward to see the next phase.
Thanks Omar. I am looking forward to it as well
I know we go back to our Red Herring days but being part of the initial build up of Gigaom with you and the others has been a total thrill ride!
Go Red Sox!
Mike thanks for being part of this amazing journey. I hope to see you soon infenway park for worlds series 🙂
Thanks for all the articles and gigaom… I started reading it from the very early days and still keep coming here specifically for your articles. So good to hear that you will continue to write 🙂 Best of luck! Enjoy!
Thanks for the support Paul. 🙂 I am going to make sure I add some value to your day.
Best of luck on your new ventures Om. For what it’s worth, your honesty, work ethic and respectful approach to covering tech has had a big impact on me. Cheers!
Thank you Marinperez. I am grateful for your voice of support.
om you’re the man, thank you
You shall be missed Om. Good luck with your new venture 🙂
Congratulations, Om! Good news both for you and for GigaOm.
Thank you Dylan
Bravo! I can’t whine about reducing time spent at the tasks of business – or complain about you having more time for private, personal discoveries on your own time, at your own pace. It’s what I’ve been doing for eleven years, now.
But, I will miss a reduced number of opportunities to read, listen, reflect upon your vision of this fascinating life around us.
I will enjoy what we can share even more.
Thanks Ed. You have been the best friend and appreciate your kind and honest feedback, always.
Congratulations and best of luck, Om!
Thanks Mariner 🙂
Super excited about your next chapter, Om.
All the best!
Congratulations Om! Have fun on your next journey, and look forward to following it via your tweets.
Thank you Jeremy and yes, tweets shall flow
Good for you! Take a back seat, enjoy life and take care of your heart.
Thank you @snuggles
Interesting, I find a lot of tech guys “have a fondness for electronic/global music”. In fact, just saw Shpongle last night. Something in our DNA?
Must be that thing with computers @stencil
Good luck Om. I loved working with you. You’re a class act.
Thanks Ryan for your kind words and for your help in getting us here.
Wish you the very best! I for sure will miss reading your articles.
Thanks, Matt. I will write occasionally. Just not every day 🙂
Congratulations on your successes, Om. I’m pulling for you to prove a reporter can be a great VC.
Thanks Peter. Appreciate. The vote of confidence.
Good for you Om. They’re all the same stories over and over again. You won’t miss a thing! I very much enjoy reading your writing so please do keep it up.
Thanks Matt and you will continue to enjoy our team. Pretty awesome bunch.
Best wishes on this new phase of your journey!
Thanks Dev. Lot to learn from you amigo
Love that mantra which doesn’t always fit Silicon Valley–
“Others don’t have to lose for us to win.”
Good luck with your next adventure.
Thanks Lou. Best
Om, best on the next chapter.
Thank you kind sir.
Congratulations on all your great achievements here with GigaOM! Wishing you all the best in your new role!
We met almost a decade ago… its been great watching you come this far! Cheers – V.
We couldn’t be more grateful for all you have contributed, not only to the industry, but to the battle for common sense. I know I speak for many when I say the trust we have for you is unparalleled and we’ll miss your day-to-day comments. I look forward to this next chapter!
Thanks Jay. I appreciate your kind words and let’s meet up for that coffee. We are long overdue
Congrats, Om! I remember well the days back in the early 2000s when a handful of us were blogging about VoIP – and there you were with your ideas to build something so much bigger… which you did! Congratulations on a job extremely well done – and I look forward to seeing what comes next for you!
Thanks Dan. It has been a great journey and now it is time for our awesome team tot are it to the next level.
Congrats! Om has set himself, as usual, an even higher bar for success in his next chapter when measured against those other journalists-turned-VCs 🙂 (Was Moritz the first?)
RK — thanks. I am for now trying to figure out how to not check twitter every ten minutes. 🙂
Knowing when to go is one of the hardest decisions. Well done Om…you’ve built a truly great title.
Thanks Den. Appreciate all the time you have read what I had to say.
All the best on your new adventure Om!!!
Hey Om, best of luck with this next step into a Business 4.0 🙂
Yes:) thanks Erik.
Congratulations Om! All the best!
Thank you Carl.
Amazing achievement and congratulations on the new phase!
Thank you so much for your years of service to your readers! I am relieved to know you will still be writing. Your broad understanding and deeper insights into the business are quite valuable. Good luck in your latest “venture”.
Thanks Marcos 🙂
will miss you, great fan of your research .. best of luck on your new adventure
Good luck and congratulations, Om. I remain an avid recipient of your keen insights.
Thanks Sanjay 🙂
Congratulations fellow-Delhi and Stephens friend! Will Miss your Gigaom Posts and hope you will keep up the writing therapy for the sake of your readers and fans.
I love your quote at the end:…
Thanks Jayshree. I will write as often as I can and thank you so much for all the support.
What a brilliant, influential, and humane contribution as a journalist. I hope you inspire legions of entrepreneurs in this next phase.
Thanks and I hope to live up to the expectations.
Om, sweet and sour for me. It takes a lot of courage to leave a company you’ve founded – I think you are making the right move and can be proud of what you’ve build. Congrats! I will however miss your news analysis and the stories you shared as an entrepreneur. You are the first site I go to when major tech announcements are made – you always seem to be one step ahead of anyone else when it comes to understanding what’s really happening inside these companies and markets. You are a great person and am rooting for your success! Thank you Om and good luck!
Thanks buddy — you have always been a great supporter and now try the next generation — they are awesome!
Om, I’ve been reading your site for years. Reading about startups inspired me to leave Apple, your coverage of the news industry motivated me to found Inkfold, and your story about Matter led to my first investor. Thank you for everything.
Thanks for the note. Appreciate it and glad to learn that I added some value in your life. Grateful for all the attention.m
Om, congratulations on this new phase. I think you will be a terrific VC. Best of luck.
Thanks bill 🙂 your vote of confidence is appreciated
Thanks for all you’ve done and for keeping the blogger bar high. It’s appreciated on this side of the house.
Mighty, many thanks
I only learned about GigaOM last year and became an avid reader. Love your 7-stories posts. Best wishes on your next endeavor.
Thank you Art
Congrats, Om! Much deserved …
Thanks Janet. Appreciate it
Good for you, Om! Thanks for building this great resource and good luck in your next adventures.
One word: OUTSTANDING
Incidentally, is it required for a woman to have a four-syllable last name to work there?
Thank you Sharon. Only requirements are smarts and appreciation of others 🙂
End of an era, but the end of your byline. You won’t be able to tear yourself away from the keyboard.
Best of luck buddy. Proud of you.
Damn u know me so well 🙂
End of an era, but not the end of your byline. You won’t be able to tear yourself away from the keyboard.
Best of luck buddy. Proud of you.
Thanks for being a believer back when no one offered a chance. Thanks for giving a helping hand and teaching me the lessons of life and journalism 🙂 I have tried hard not to let you down and as I leave the profession — I so so with head held high and with pride that comes from making my teacher (you) proud.
Congrats! Seems like the right next step on a great life path. Come to Seattle, will get you tickets when Yankees are in town. You can see “Cano” play here instead of NYC… 🙂
Nah no Cano for me but to see you anytime Buzz
Thanks Blaise 🙂 sometimes I think of what you managed to unleash by encouraging me to write all the time
All the best, Om. #Respect.
Congratulations Om! Very happy to hear that. 🙂
THanks Rohan. Appreciate it.
Congratulations Om! GigaOM wont be the same without Om.
Thanks Rohit Gupta
Om — We really don’t know each other but I look up to you as a fellow journalist for your intelligence, integrity. and from what I can tell — a true love for the work you do. Thanks for setting the bar for the community — your precedence serves us all.
Thank you Alex. I hope we can meet each other soon,
Om, this site is what made me want to work in IT. I wish you all the best in your new role.
Thank you Julio and I am glad you have been part of the adventure.
All the best for the next chapter @om
Om, you’re the man in the arena! Thanks for all the writings and good times, from B2.0 days.
Best of luck and keep posting the “What am I reading..”
Happy for you Om; take it easy! & please keep writing your free-spirited gems. Best of luck for your next chapter.
Thank you Sandy
Congrats. You were one of the first folks in tech media to believe in what we were doing at CB Insights and in our data so wanted to say thanks. Look forward to hearing more about your adventures on the “dark side” 🙂
Thanks for the kind note and glad to see you guys are thriving and hopefully can become a customer now.
Thanks Perry. Appreciate the kind words. Looking forward to seeing you in Texas soon
Best of luck Om. Gigaom Research has a great team in David Card et al. and I wish you all continued success.
Thanks John. I agree, my team is so awesome 🙂
Now we can get to hang out and do all things we never had time to!
Agreed Faisal. Now you need to come visit me.
Congratulations- I love this site and look forward to seeing it in my mailbox everyday. Good Luck to you new chapter
Thank you @Edsbaby
Om, you rock. That’s whyom I’m sad you’ll no longer be involved with GigaOm as a daily journalist. But, as a long-time beneficiary of your professionalism and dedication, I have no doubt that you have earned the right to a saner lifestyle. I wish you all the best as you acclimate yourself to new habits, like sleeping through the night.
Thank you Eliza.
Our team will make you not miss me in a jiffy.
Congratulations Om, I have always enjoyed speaking with you at your conferences and TechCrunch about my latest endeavors, books and companies. You’ve always been a kind person, and I wish you best of luck on your new endeavor at True Ventures and hope all your investments succeed long term. Stay the same person and true to your goals!
Best of lucks, Om. Hope you have time to give us the “7 Stories to read”.
THanks DP — I am going to give it my best shot
Best wishes. Will miss you 7 stories to read this weekend — always had interesting content. Enjoy the summer vacation (just kidding).
Thanks and I will try and do those columns.
Congrats! What an interesting journey you’re on. A long way from Telecom Bandits. 🙂
All the very best Om.
And when you finally decide to hang up your “boots”, join me as planting partner – we will plant some trees.
The world needs it.
I connect to your last ending line and glad that you thought ahead of pageviews.
On another note would it be correct to say that content on its own cannot stand as a long term business along with keeping the editorial freedom.