Blogging is a unique business idea in that it’s possible to start and make money from your blog without investing any money in it to begin with. However, there are some problems which could arise as a result of your not investing any money in your blog. For example, without any funding, you will need to use a free domain name and unless you’re a professional web designer yourself, will have to make do with free, widely available templates and little SEO. Because of this, those hoping to make some serious money from their blog will definitely benefit from getting business funding. We’ve listed some of the best reasons to get a business loan for your blog. [Read more…]
Fabulis: Gay Social Network Gets Big Money Backing
Fabulis, a gay social network has raised $250,000 this week thanks to David Bohnett, the man responsible for founding GeoCities when he was only 16 years old. With the new infusion of cash Fabulis raises their total funding to $825,000. Considering the site was launched just this year, financing numbers are looking good.
Bohnett injected the money under his venture capital firm Baroda ventures which works with early-stage social media companies, e-commerce sites and e-ticket websites among other ventures. To be considered sites must have very clear revenue models which Fabulis has painstakingly thought out for their visitors.
The sites main goal is simple, help gay men find the hottest spots to hang out, the best places to meet other gay men and other gay related activites. Users can sign up if they are openly gay or if they are “friends of gay guys.” [Read more…]
Music Blog Network MOG Raises More Money
California-based music blog network MOG has raised another $5 million says VentureBeat. MOG is one of those blog networks that focuses on selling ads on blogs in a certain niche, much like Glam and SB Nation.
“We’ve seen super-rapid growth,” said founder David Hyman in an interview. “We sell ads across the top 700 music blogs and signed up all of them over the last 11 months.”
More on VentureBeat, nothing on MOG yet.
Sports Blog Network Secures Another $7 Million in Funding
Former AOL executive Jim Bankoff has raised another $7 million in funding for sports blog network SB Nation, according to Kara Swisher’s blog. The valuation after this cash flow is reported to be around some $30 million. SB Nation is the kind of blog network who recruits bloggers, and they are aiming to give fan coverage for just about any sport out there. With more than 200 blogs under the SB Nation banner, I’d say they’re giving it a serious shot at least.
TweetDeck Raises $2 Million in Funding
TechCrunch reports that Twitter client TweetDeck has raised $2 million in funding. The news comes from a a panel where angel investor John Borthwick let it slip. Apparently the Twitter app and its branded versions are appealing to investors. I can see why, especially now that there is an iPhone app covering the mobility factor as well.
