B12 Solipsism

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Talking Points Memo Will Expand Staff

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Good news, as TPM is one of the best blogs out there, and one of the few that consistently does its own reporting in addition to sifting through the political reporting of others. Very high signal to noise ratio1

The political news Web site Talking Points Memo this weekend completed a round of investment, of $500,000 to $1 million. The move is intended to increase the number of employees, to roughly 20, from the current 11, in the next 10 months.

The financing is the first part of a three-year plan to increase the site’s staff to 60 employees, Joshua Micah Marshall, the site’s founder, said in an interview at his offices on West 20th Street in New York.

He would not identify his investors, who he said were angel investors, not venture capitalists. One name that has been made public is that of Marc Andreessen, who is investing personally, not on behalf of his new venture capital fund.

“We could have gotten a higher dollar amount — I didn’t think we needed it — but it would have come with strings attached,” Mr. Marshall said. “It would not have been best for the site.”

[From Investment Will Expand Staff at Talking Points Memo - NYTimes.com]

Footnotes:
  1. as opposed to webzines like the Huffington Post which can’t decide if it wants to be a tabloid or a serious journal []

Written by Seth Anderson

July 13th, 2009 at 10:12 am

Posted in Business

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