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Wordpress lands a whopper

Started by mathewi · 1 year ago

As my friend Om Malik is reporting — and as founder Matt Mullenweg has confirmed on his blog — the company behind Wordpress has landed $29-million in financing, including an investment from none other than the New York Times. This sounds like a great deal for an equally g ... Continue reading »

6 comments

  • Aidan Henry

    1 year ago

    Seriously though... $29.5 million to build out the server network and add new features? That's one helluva B round...

    It seems to me that the company was able to operate pretty lean up until now. I can understand taking on some money to boost the growth curve, but $29.5 million?

    Wouldn't $10 or $15 million be enough? I also wondering what kind of valuation they got?

    Cheers,
    Aidan
    www.MappingTheWeb.com
    reply
  • mathewi

    1 year ago

    Yeah, I'm wondering that too, Aidan. They reportedly turned down a
    $200-million acquisition offer, so I assume it's higher than that.
    reply
  • Tom

    1 year ago

    I think the whole “building out our network” line is just something you say (not that it isn’t true I just don’t think they’ll be spending the majority of the money on that). Wordpress is in a situation now where everyone is starting to take notice of them and I suspect that is making them more than a little nervous. If I were Matt Mullenweg statements like “it has become one of the default publishing platforms for all kinds of online content” would scare the bejeezes out of me because it means people are starting to realize what position his company is in the lead. A position that comes with a big ol’ target for your back.

    I think the storage announcement from earlier this week shows a little of that. They didn’t just want to beat the competition they wanted to beat them by a wide margin so their customers don’t even think to question their platform choice.

    That is what I think the explaination is for the sudden money influx too. Wordpress has always been a company that values working lean so I don’t think they’ve gone money crazy overnight. I think this is just the realization that they are in front and that they need to have a war chest on hand to fend off attempts by competitors to take their market share.
    reply
  • Dario Salvelli

    1 year ago

    Wow, that's great for Wordpress community. :-)
    reply
  • Sir Dryfuse

    1 year ago

    I sure do love wordpress, but this makes me a little bit edgy to think that they might have some swing on any new wordpress releases. I am glad that wordpress has taken off so well, but at the same time I am kind of disgruntled by all the new competition in the blogging community.

    My .2 cents,
    Sir Dryfuse
    www.dryfuse.com
    reply
  • Internet Marketing Blog

    10 months ago

    That's absolutely great! Wordpress deserves every penny for designing such a wonderful CMS system that is so flexible and user friendly. Congrats to them, I could use that funding in our company :)
    reply

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