PPP In The House!

Check out this press release!
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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.
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Man, that is such great news! Who would not get behind this model that PayPerPost created. Sure, there are some other services out there who do the same thing – get bloggers to write about advertisers – but PayPerPost really has a slick website and they make it so easy for bloggers, for advertisers, and for everyone involved so it really is a no brainer type deal! What is PPP going to do with the new money? They have done so much already it is really hard to imagine the service getting better. Something I hope they dump actually is their implementation of segmentation and drive even more blog outreach. Through it higher-ranked blogs get better opportunities than lower-ranked blogs because advertisers will pay more to get on higher-ranked pages. It makes sense, it really does. But I think it is taking away good opportunities from me. But that is just me. Of course I think I should get the big paying opportunities but it does not always work that way! Oh well, it is what it is! But it is really great that PPP has secured some more money! One thing is for sure. The ride up until now has been fun, and it will only get more intense and more fun. Get on board now, people!