Congrats to Matt and the Automattic team on the news that they’ve taken some funding. It would be a lot easier for all of us if we could operate without angel or VC funding, but sometimes that little bit of funding helps.
Of course, in my absence away from the online world, Jeremy hinted that b5media is also exploring our options. There is nothing more I can (nor want) to add to what Jeremy has said, only what I said a in the last paragraph. A little bit of funding helps. In terms of cash flow b5media has never really been in a better position that it has now, we’ve sorted through a lot of our growing issues, we continue to attract new partnerships, and despite the occasional rumour to the contratry, we are paying our bloggers. We’ve exceeded every target we’ve aimed for so far, and often by a country mile, and we continue to grow. We’ve got the most amazing group of bloggers on board…I could joke to some extent that these are the fish that people like Weblogs Inc would reject, but you know… our bloggers aren’t in it just for the money. They blog because they love what they blog about. Their geographic diversity would also mean that they might not qualify to write for other blog networks as well, because if there is one thing I can single out about what we’ve built at b5media, is that it’s truly a global diverse blogging network. As I use to say at The Blog Herald: geography is no longer a limitation.
Well, it’s what Hugh Mcleod calls the global micro-brand. That’s what we’re all building in this space. It’s a very new beast and we don’t quite understand all the implications yet, but it’s now a fact of international business life. Of course, back at the ranch, the old business disciplines still matter, and costs have to be kept in check while revenue builds.
Interesting post. I have made a twitter post about this. Others no doubt will like it like I did.
Interesting post. I have made a twitter post about this. Others no doubt will like it like I did.