I disagree with Mike Arrington on this post of his. Read the comments.
I don’t think PayPerPost is evil – it’s a business. IF they required each blog entry to start with “This post is sponsored by…” would it make it less evil?
But Mike’s post is not about the warrants of the business – it’s more about why he things them getting $7 million more in funding in a sign of failure. And I just don’t get that.
Mike – you are wrong. Go into your comments and say, “I blew it”.
Controversial pay-per-post startup PayPerPost has raised $7 million in a second round of financing, bringing their total raised capital to just over $10 million. Like their previous round from last October the financing was led by Draper Fisher Jurvetson, with participation from Inflexion Partners and Village Ventures. New investor DFJ Gotham, a fund affiliated with Draper Fisher Jurvetson, also participated.