Photo illustration: Xeni Jardin
Automattic, the company that makes WordPress, announced today that they have raised $160 million– more than ten times their total investment in their decade-old company. This is their first capital injection in six years, somewhat of a surprise for a company that only recently stated it was healthy and making profit. The purpose of raising this money is to accelerate growth, a pretty common reason to pile money on yourself.
Two things are interesting about this: First, that Automattic can raise this kind of money at this stage in the game, and second that they might actually have to. With companies like Tumblr and Facebook focused on blogging-related activities and supplied with nearly endless war chests, it's nice to see that open-source WordPress can still have a fighting chance. How they'll manage that absurd amount of money has yet to be seen.
New Funding for Automattic on Matt Mullenweg's blog
We just got the Sport model of the EPIKGO hoverboard at my office. Besides being terribly chic, it’s apparently bulletproof.
Ok, it’s not just solar powered. It’s also an anti-theft, waterproof marvel that keeps my phone’s power bar from ever getting into the red.Sure the idea seems obvious now – tuck a gigantic solar powered battery pack into an exposed slot and turn the wearer into a walking energy harvester. Simple maybe, but I didn’t […]
The office I work in is full of things old people buy to make themselves feel young again. I can honestly say that our awesome new toy, The Swagtron T3 Hoverboard, makes me feel very, very old. I’ll explain why later. Swagtron T3 Pros There’s no way to overcharge the battery and that means no […]
DJI is the world’s leading designer and producer of easy-to-fly drones and aerial photography systems. If you’re a drone enthusiast, you want a DJI. If you know absolutely nothing about drones and think they’re weird, if you win a DJI you’re going to become a drone enthusiast.Enter this giveaway (for free, yes) and you’ll get a […]
Although there will never be a consensus about the best way to make coffee, any coffee connoisseur will agree that controlling the grind of your beans and balancing water temperature are the keys to a tasty cup. Since your plastic coffee pot doesn’t really allow for that kind of customization, going back to the French […]
Not all hackers are malicious information thieves—white-hat ethical hackers work with technology companies to ensure the security of their computer systems and user data. With all of today’s high-profile data breaches, ethical hackers are in considerable demand. To learn these critical skills and break into the high-paying cyber security field, try taking the courses in this […]