A Milestone for This Blog's Founder
Long, long, long-time readers of Legal Blog Watch will remember that its original writer -- and still its inspiring voice -- was Lisa Stone. She launched this blog way back in November 2004 and in February 2006 handed over its reins to Carolyn Elefant and me. She left to devote herself full time to a little side project she had started called BlogHer, a community for women who blog.
Turns out not to have been a bad move. BlogHer has grown by leaps and bounds. Today, it serves as the hub to more than 18,000 blogs written by women, produces highly regarded conferences and operates a network of targeted blog advertising. The Web site reaches more than 14 million unique visitors a month and the company now has 30 employees.
As the CEO of this ever-expanding empire, Stone was in the news this week for a significant milestone -- she secured $7 million in new funding for BlogHer, bringing the total investment in the company to $15.5 million. Kara Swisher of BoomTown reports that the new round is funded by two existing investors, Venrock and the Peacock Fund, joined by a new investor, Azure Capital.
"This is a true grassroots effort that shows the growing influence of women in social media," Stone told Swisher. "We want to focus on taking advantage of that growth and momentum with this new funding." Although BlogHer is not yet profitable, Stone added, she hopes that by next year "I can raise a glass of champagne to meeting that goal." Meanwhile, allow me to toast our predecessor's significant achievements so far.
Posted by Robert J. Ambrogi on May 14, 2009 at 11:58 AM | Permalink
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