Automattic Nails $29 million in funding! The open-source model has legs
January 23, 2008 by Tris Hussey
Filed under Business
Great, great news this morning that Automattic received an investment, and the Gray Lady herself is one of the investors, of $29.5 million to build their business even more. I like to see these reasonable amounts of funding. Sure it’s a lot of money, but it also costs a lot to build a business as complex as what they are doing. Just some of the coverage and kudos I read this morning about the investment:
WordPress.com Creator Raises $29.5M – GigaOM
» Open source business model reaching tipping point | Between the Lines | ZDNet.com
Automattic Raises $29.5M Series B Round, New York …read more
Congrats to all the Crunchies winners, but especially Techmeme, StumbleUpon, Automattic, & Toni Schneider
January 20, 2008 by Tris Hussey
Filed under Business
The Crunchies were given out on Friday and the complete winners list was put up on Saturday. Congrats, of course, go out to all of the winners, but there are a few winners who I want to give special attention to:
Best bootstrapped startup: Techmeme.Founded and developed solely by Gabe Rivera, Techmeme serves as the front page of the tech blogosphere. The site’s advanced algorithms identify the day’s top stories by making sense of conversations across the web’s best blogs.
Best Startup CEO: Toni Schneider (Automattic)
Schnieder has lead the company from its roots as a open source alternative to Movable Type into …read more




