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When is the last time you got lucky?
Well, PayPerPost and all of it's advertisers and blog posties got lucky big time on June 12th. That s the day that PayPerPost, the leading marketplace for advertisers to reach bloggers and other consumer content creators, received $7 million dollars in funding. Now that is lucky!
To celebrate receiving this funding they quickly announced a 7 day promotion called Lucky 7's. Between noon Tuesday June 12 and noon next Tuesday, June 19th, PayPerPost will be releasing $7k in PPP Opps! They will all be $10.77, $70 or $700! Posties will be allowed to take one of each, so we don't have to be afraid to take the $10.77 Opps... we can still have the chance to grab a big money Opp if it pops up on your screen. A day or two ago, there was a $700 opp for Lucky 7s that popped up on my screen, but unfortunately it was already fully spoken for, so I am hoping another one will come my way. I sure could use the money, as I know all of you could too. Having also seen the $10.77 opp pop up on my screen, already taken, I was delighted to day to see this one come by again, and be able to grab it in time. In my opinion, giving us all these opps without discriminating as to who has the highest rating, shows very good blog ethics by PPP.What do you think PayPerPost will do with this $7 million funding? Well, first we know they are using $7k to pay us to take these Lucky 7s opps this week. How great is that! I personally would like to see them buy me a top-of-the-line new laptop computer before this old desktop dies, so I can keep working here, lol. Seriously though, I think a great way to spend this is building the business higher and better than it already is. In the 11 months that PPP has been online they have done a lot of good work, and I would like to see more advertisers brought on so we have more opps to work with and therefore, more earning potential.
Press Release:
Blog ging 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.
The link(s) in this ad has been removed - March 7, 2009
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