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Gagglescape tracks the flow of venture capital and angel investment in a global economy.
Six Apart Raises 12 Million
![]() About three years ago an online technology reporter interviewed one of the founders of Six Apart. For those of you who don't know, Six Apart is the startup company behind the very successful blogging platforms, Movable Type and Typepad. The story went that the founders of Six Apart were having difficulty attracting the interest of the venture capital community. Given the groundswell of bloggers, it was obvious that the company was an ideal investment opportunity. I sent an email to the two founders asking if they were in fact struggling. The reply? They were hiring an experienced CEO and their situation was changing. Yesterday the company announced it had received a further 12 million in venture investment from a consortium including Intel. Why Intel? The company believes that bloggers will increase the demand for broadband services. What can Canadian investors learn from Six Apart's story? Simply this: There are a host of new, early stage investment opportunities on the Canadian landscape as a result of this growing Web 2.0 phenomenon. Like Six Apart, local companies with good products are looking for the right combination of management and investment.
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Posted by the editor on 03/16
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