PayPerPost Raises $7 million More

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?

Maybe.

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.

PayPerPost Raises $7 million More