Tuesday, June 12, 2007

PPP Gets 7 Million in Funding

I was wondering what kind of promotion PayPerPost would be running next, and I never even come close to what they actually do because the opportunities they give us posties are so fantastic!! Today they just released a press release, which can be found at the end of this post, telling Posties the great news that they just received 7 Million dollars in funding!! That is a ton of money!! Hopefully they use it to continue to spread the word about their great company, bring in more advertisers, and continue to give Posties high paying opportunities!

To celebrate this great news, they are having a 7 day promotion!! During the next seven days, PPP will be releasing 7K worth of opportunities, all being $10.77, $70, or $700!! Isn't that amazing!! I would love to be able to get all of these opportunities, as the money would sure be nice! The great thing is, that I can, because Posties will be able to take each opportunity, no matter if they already took one or not! How great is that???!!! Also, these opps will not be segmented, so they're open to all of us!! I think that's the best news of all.

I am just always amazed at what PPP comes up with. Lately they've been doing so many wonderful things with PPP. Like this promotion, and the new blogger directory to help with PPP Direct! Thanks PPP for all you continue to do!!


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.

This is a paid post