Michael Arrington on his CNET-killing blog rollup
Michael Arrington spends 1,517 words talking about blogs taking venture funding and his grand scheme to form a big, A-List blog network to take on CNET. Most of you are too busy raising money for your blogs to read all that. Here's our 100-word version — and a suggested name for the blog network he wants to launch.
More blogs are raising venture capital. Funding for bloggers is heating up. Writers suddenly want to be paid market wages, far above the $5 per post that they received two years ago. The only way to get to a massive valuation is for the top talent to band together in a company where they each have an equity stake. But if you bloggers raise $3-$5 million on say a $10 million valuation, you've just priced yourself out of the rollup. What I'd like to be a part of is the blogger equivalent to the 1992 U.S. Mens Basketball Dream Team. That team could take CNET apart in a year, hire the best of the survivors there, and then move on to bigger prey.
