Wednesday, June 13, 2007

PayPerPost Gets $7Million!

First of all I want to say "congratulations" to all of the PayPerPost team for their good achievement, whit the result this time they has received $7 million in funding. How cool is that! If I'd just received a $7 million boost to my budget, I'm not quite sure how I would spend the money!

PayPerPost became the world's first Consumer Generated Advertising Network soon after PayPerPost was founded by Ted Murphy in June, 2006. Murphy's creative prowess and passion for unconventional marketing has earned him the ear of some of the world's largest marketing organizations including FOX, Bombardier, General Motors and Tyco. A serial entrepreneur, Murphy has founded or co-founded six companies since 1994 including MindComet, a leading interactive agency.

PayPerPost was the first company to accept me advertise on blogs and typically has the most number of opportunities. I have written some posts for them ranging from $5 to $15.

The question now is how do you think PayPerPost should utilize the US $7 million? In my opinion the important and the best thing is to use it to expand the company by developing more income generating ads program to cater for the increasingly demanding advertisers. Research and find out what advertisers want and give posties more ways to earn money besides paid posts. For example, text links, ad links in posts, banner ads and more. This way will helps the posties to earn more income, advertisers to get more buzz and PayPerPost continues to prosper.

Guys please feel free to read a Press Release below:

Press Release:
The PayPerPost Revolution Accelerates, Sponsored
Blogging Marketplace Secures $7 Million Series B

Draper Fisher Jurvetson leads round and joins Board of Directors

ORLANDO, FL – (June 12, 2007) – PayPerPost, the leading marketplace for advertisers to reach bloggers and other consumer content creators, today announced it has completed a $7 million second round investment led by Draper Fisher Jurvetson, an investor in the company's Series A and one of the world’s leading high-technology venture capital firms. The financing brings the total amount of capital raised by PayPerPost to over $10 million, giving the company considerable resources for further development as the industry’s leading Consumer Generated Advertising marketplace. Additional participants in the round include existing investors Inflexion Partners and Village Ventures as well as new investor DFJ Gotham. With this investment, DFJ Managing Director Josh Stein also joins PayPerPost’s Board of Directors.

“PayPerPost created this exciting new advertising space and has established itself as the industry leader,” said Ted Murphy, chief executive officer of PayPerPost. “Although we’ve only used a portion of our first round capital, this added support from investors unlocks significant growth potential. Our content creator and advertiser ROI metrics clearly demonstrate the upside for PayPerPost’s model. We intend to use this capital to build the infrastructure, visibility and professional expertise necessary to reach and retain a greater network of advertisers and content creators than ever before.”

Since its founding in June of 2006, PayPerPost has signed more than 6,500 advertisers to its groundbreaking service, which has enabled Consumer Content Creators to be compensated for their efforts discussing specific companies, products or services via blogs, videos or other media. The content creators are required to disclose relationships with advertisers on their blog, providing transparency for the end reader. Over 125,000 Internet postings, most in the form of blogs, have already earned money for their creators through PayPerPost’s innovative marketplace. PayPerPost recently released PayPerPost Direct, a disruptive new service that allows advertisers to contract and negotiate directly with individual bloggers they identify through a safe, managed system.

“PayPerPost has laid a strong foundation for the future,” noted Tim Draper, founder and managing director of Draper Fisher Jurvetson. “It continues to attract a critical mass of participants from both the advertising and blogging communities. Analogous to Overture’s sponsored search model, we believe PayPerPost’s business model holds disruptive potential and will enable the company to thrive in the evolving paid-content arena.”

To mark the $7 million dollar funding, PayPerPost has launched a new website detailing the company’s service offering at Bloggers and advertisers can easily sign up at the site and begin leveraging the self service marketplace.

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