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Matt Mullenweg sells a stake in Automattic

Started by mathewi · 1 year ago

As you may know if you’ve been reading my blog at all over the past little while, I find it fascinating to look at the various business models being pursued by Web 2.0 startups, and the debate over which route is better — such as the question of whether blog networks need ... Continue reading »

3 comments

  • OK, the VC's are for the business contacts and the connections. I can understand that. It's not just about cash.
  • Although...

    If you're a middle class programmer, and folks keep telling you how great a job you've done with your development, and you could lay in some savings for giving up a small portion of the company you'd built (and you were 22!), taking a little cash sounds like a great idea.

    I don't think it's right to speculate on the ranking of each factor - cash, contacts, experience, connections - that a deal brings forth, but, though it's not cool to acknowledge, never underestimate the motivation of cash.
  • Thanks for the comment, James. An excellent point.

    Mathew

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