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
I asked Amy Parness, the co-founder of Sparkle Labs, maker of fantastic educational electronics kits, to write a Medium post about gender and the business of being a maker business person. Her terrific essay calls out the problems with “pink girly engineering kits.” From Medium:
Zero UI is the new term for “invisible interfaces”—what happens in the future when all the clicking and tapping and typing is history: “If you look at the history of computing, starting with the jacquard loom in 1801, humans have always had to interact with machines in a really abstract, complex way.” [Fast Company]
CEO Dick Costolo will resign, to be replaced in the interim by Jack Dorsey
It’s time for a power upgrade — throw out that tired-out power strip and swap in this family-size USB charger, packed with 6 high-speed ports. With a built-in control chip, Kinkoo optimizes each port to ensure the fastest charging possible for all your devices. The Kinkoo is made from high-grade and durable materials so you […]
Watching Netflix, Hulu or other streaming services can unfortunately be difficult while traveling outside the US. Rather than bypass these restrictions with the help of a complex and slow VPN, choose a faster and simpler solution with Getflix. Instead of rerouting all your Internet traffic through a different server, this handy service only routes the […]
Shake, stir, and muddle your way to delicious homemade cocktails with this must-have bar set. Expect only the finest quality tools from MakersKit — enabling you to unleash your inner mixologist.Top 12 Favorite Things of 2014, Sunset MagazineQuart-size vintage-style Mason jar shakerRetro double jigger for accurate measurementsStrainer & spouts for a mixologist-style smooth pourHardwood muddler […]