March 15, 2006

FM Publishing Raises Series A Round

Michael Arrington

6 comments »

FM Publishing announced a $2.2 million Series A round of financing, led by JP Morgan Partners. Previous investors also participated - Omidyar Network, The New York Times, Mitchell Kapor, Andrew Anker, Mike Homer, and Tim O’Reilly.

I am a member of FM Publishing’s ad network, and have been extremely pleased with their ability to generate revenue as well as their technical assistance and general therapy sessions when I get the blogging blues. Congratulations to John Batelle, Chas Edwards, Andre Torrez, Jason Weisberger, Jennifer Charette and the rest of the team at FM.

Sphere It

This entry was posted on Wednesday, March 15th, 2006 at 6:31 pm and is filed under Company & Product Profiles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Trackbacks/Pings (Trackback URL)

Comments

RSS feed for comments on this post.

web20guy

March 15th, 2006 at 6:52 pm

This is probably the future of advertising. Good Concept!
Saul Weiner

March 15th, 2006 at 8:02 pm

Why would a publishing house need VC funds. If they’re high flying, why do they need cash? Do they need cash to manage a negative cash flow? Just seems odd.
Moe

March 15th, 2006 at 8:36 pm

wow, that pretty good
Ben

March 16th, 2006 at 7:45 am

Saul,

Agencies are notoriusly slow in paying their bills… Any ad network worth its salt has to be able to hold substantial recievables and still continue to pay their publishers. There are months when they get tied to a tree and beat with a shovel.

Just my take.
Erik Schwartz

March 16th, 2006 at 2:08 pm

You think they’re taking VC money to cover AR???

That seems like an extreme solution to the problem.
Ben

March 16th, 2006 at 3:13 pm

I don’t know that covering AR is the impetus, but doing it solo definitely hamstrings the ability to operate and develop.

And it IS a bigger problem than you might think… Ad networks live and die with their publisher relationships and need to keep them solvent through thin quarters.