WordPress secures $29 million in funding

hcgtv · 2008-01-25 13:16:50

Automattic, the parent company of popular open source blogging platform WordPress, announced this week it received $29 million in funding from four investors who will take a minority stake in the company.

colak · 2008-01-25 13:32:44

I hope I am wrong but i think that this is the end of wordpress

Christopher · 2008-01-25 19:01:42

colak wrote:

I hope I am wrong but i think that this is the end of wordpress

Why would you think that?

kvnmcwebn · 2008-01-28 04:40:49

maybe he means the end of a free wordpress?

colak · 2008-01-28 08:00:06

What I fear is a series of thinks

beginning of the end of wp being open source
beginning of the end of free wp
start of wp code directed towards the funders requirements/wishes instead of the community’s.
start of wp as a corporate software with an accordingly change in ethics

iblastoff · 2008-01-28 08:47:24

colak wrote:

What I fear is a series of thinks

beginning of the end of wp being open source

beginning of the end of free wp

start of wp code directed towards the funders requirements/wishes instead of the community’s.

start of wp as a corporate software with an accordingly change in ethics

are we talking about the same wordpress here?

drupal has also acquired a large sum of money recently. do you think they’ll stop being open-source as well? what about mysql?

they’ve already turned down acquisition attempts of over $200 million, i doubt $29 measly ones are going to change that much :P their strength is their massive userbase. they’re not stupid enough to start scaring people away now.

since the whole reason wordpress became popular was because another popular-at-the-time blogging platform started charging money, why would they make the same mistake? they already make money through other mediums anyway.

WP is corporate software. arguably the biggest blogs/news sites/corporate sites/etc use it already.

Gocom · 2008-01-28 08:48:26

Who would want to pay of using WordPress? In the end WP is just a blogging tool – not a real CMS. Corporate bloging, damn I want read blog-newsmagazine. Wow, I got idea: how about BBC on WordPress? :D

Cheers!

colak · 2008-01-28 09:07:22

As I said, I hope that I’m wrong re my fears:)

Last edited by colak (2008-01-28 09:07:44)

iblastoff · 2008-02-29 16:46:22

tattoobody.org wrote:

If WP is still free, so what can the investors expect ?

an extremely large userbase.

Walker · 2008-02-29 20:46:01

Also, Automattic is the company receiving the money, not Wordpress specifically.

Automattic has a business plan that monetizes outgrowths of their use of Wordpress (hosted blogging & spam fighting). And that includes helping corporations with the “whole blogging thing”.

I believe they also purchased gravatar and recently announced a distributed “twitter-like” system. Or maybe it’s more like noserub or mybloglog.

typer464 · 2008-04-10 02:16:35

seems like alot of companies are starting to buy tiny shares of large open source based companies, hopefully means that programming improves but we shall see

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#1 2008-01-25 13:16:50

WordPress secures $29 million in funding

#2 2008-01-25 13:32:44

Re: WordPress secures $29 million in funding

#3 2008-01-25 19:01:42

Re: WordPress secures $29 million in funding

#4 2008-01-28 04:40:49

Re: WordPress secures $29 million in funding

#5 2008-01-28 08:00:06

Re: WordPress secures $29 million in funding

#6 2008-01-28 08:47:24

Re: WordPress secures $29 million in funding

#7 2008-01-28 08:48:26

Re: WordPress secures $29 million in funding

#8 2008-01-28 09:07:22

Re: WordPress secures $29 million in funding

#9 2008-02-29 16:46:22

Re: WordPress secures $29 million in funding

#10 2008-02-29 20:46:01

Re: WordPress secures $29 million in funding

#11 2008-04-10 02:16:35

Re: WordPress secures $29 million in funding

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