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Friday, November 21st, 2008
articles.php?which=SuccessStoryGigaOm
Success Story: GigaOm.

Let's start this Monday off right (yes, we're ignoring the Dow)— with some good news! Thinking about starting your own online media empire? Have your business plan in hand? Despite everything, there's is still serious money to be made on the Internet. Or at least investors seem to think so. Even as online media network Gawker made cuts last week, others were raising cash. To wit: the start-up tech blog GigaOm announced today that they secured $4.5 million in venture capital funding from two investors. This brings their total investment to $5.3 million to date.

GigaOm was one of the first major blog networks to raise investment. Yet, while rival tech blog TechCrunch makes a big show of noting that they've "recommended against" blogs raising investment, we'd have to argue that in this market, having a nest egg ain't a bad thing. Thoughts?

gigaom

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