Automattic to take funding

Matt Mullenweg, the founder of Wordpress has just announced at his personal blog that Automattic is going to take some funding:

Automattic isn’t going to get fancy SoMA offices, throw huge parties at SxSW, or “get big fast.” We took a small amount of capital to put things that were already growing fast in a stable position, so from month to month you’re not robbing Peter to pay Paul. We’re going to use the money to pre-emptively address scaling issues before they happen, and continue to share everything we can back to the community, like all of the code behind WP.com in WordPress MU, the spellchecking feature we sponsored, free Akismet for 99.9% of users, and a few other goodies we still have up our sleeve. In terms of hiring, we’re still going to grow very deliberately in line with our revenues and focus on the very best and brightest (and BBQ-loving), like Podz.

Interesting

Read More: Wordpress


  1. No Comments

Leave a Reply


The nofollow tag is not used. Learn more



Related Entries

    No related posts

About


This entry was posted on Wednesday, April 12th, 2006 at 3:08 pm and is filed under Wordpress. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


WordPress K2





Home | Admin