Technoloot

Technoloot

: Om Malik gets the scoop on Technorati‘s new financing, reportedly $6.5 million. Good. And congrats! (Now buy some servers or a new architecture that’s reliable! That’s because we depend on you.)

: MORE: Ross Mayfield also announces that he closed a round of financing, adding Pierre Omidyar to his list of illustrious investors. Congrats here, too!

: Omidyar (founder of eBay, in case you’ve just left the cave) also announces on his blog that he has expanded past a foundation to a fund to invest in and support for-profit ventures. I like the philosophy, of course:

To understand why we decided to expand, you have to understand how I look at things like eBay and Meetup.

In talking about eBay over the past few years, I’ve emphasized the way eBay has helped people pursue their individual passions and discover their own power to make good things happen; how they’ve become empowered by participating in an open and honest marketplace, in a level playing field, meeting and working/trading with people who share their interests.

When I first learned about Meetup, I saw much of the same thing at work, though quite different on the surface: people discovering their own power, and connecting with others to realize that power to make good things happen.

Ever since eBay, I’ve been inspired by people discovering their own power, and believed that every individual can make a difference….

2 responses to “Technoloot”

  1. Michael Tippett Avatar

    The Mercury News had an interesting addition to this story. According to their story:
    “…the company received more than $500,000 from a number of investors, including Jun Makihara, partner with the Japanese venture firm Neoteny, and the Omidyar Network, a group led by eBay founder, Pierre Omidyar.
    …Mayfield scored the funding in part after giving away the Socialtext software to the Omidyar Foundation, which used Socialtext to create the new Omidyar Network.”

  2. Ross Mayfield Avatar

    Thanks Jeff.
    Michael — one correction to the excerpt. Omidyar Foundation was a paying customer.