Jun 13, 2007

$7 million in funding for PayPerPost

This is a sponsored post.

woooshh, isn't it such a large amount of money? well, for those of you who haven't heard this news yet, read this. PayPerPost is a blog advertising network online and it has build for itself as the industry leader where blog advertising is concerned. and PayPerPost is growing bigger and bigger everyday. with more than 6500 advertisers with PayperPost, you can be sure that the numbers will still keep on increasing. Ted Murphy, the CEO of PayPerPost just recently annouced that PPP just received $7 million in funding. PayPerPost's blog outreach solutions extend far beyond their industry leading marketplace.

so, as a way to celebrate this, PPP now has come out with a 7 day promotion called Lucky 7's. are you feeling lucky already, huh? between noon yesterday and until next week noon Tuesday, PPP will be releasing opps amounting to $7k. they will all be in $10.77, $70 and $700. wah, if i could grab the $700 opps ah. anyway, dun be scared to grab the $10.77 opps cos you are allowed to grab one of it each. good news is that these opps will not be segmented and will be available for all bloggers. hhmmm, i think there will be more sleepless night this the whole week for many bloggers out there. anyway, read the press release below for more information.

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 http://www.payperpost.com. Bloggers and advertisers can easily sign up at the site and begin leveraging the self service marketplace.