Saturday, June 2, 2007

Bank in Boulder!

Last week we announced $15 million in financing from Commonwealth Ventures. We are happy campers right now.

From a selfish perspective, I couldn't be more excited that the bet I placed on Me.dium several months ago continues to look strong.

From a local community standpoint, I'm ecstatic that Boulder is showing the national Venture Capital community what it is made of; there is great talent here!

From a Me.dium standpoint, this is yet another major validation point around our idea. The fact that this validation comes in the form of a financial investment, particularly of this size, means we'll be able to bring the idea to fruition and ultimately global domination.

Me.dium is building/revealing the people dimension of the internet. Being a part of Netscape early on was sea-change #1. Being a part of Me.dium today will bring sea-change #2. Something major was left out of the internet since day one; a sense of real-time community. There were attempts here and there to bake in the presence of others around you, but nothing took. One of the reasons the notion didn't stick was that everyone was just so excited about using the web, that they didn't consider the longer term ramifications of doing so alone. Now that things have matured, there is often a sense of desperation amongst our users, to be around other people online. Me.dium is removing the blinders that we've all been wearing online for a decade. Once the veil is lifted, amazing things can happen, and Me.dium's working to build those amazing things.

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