Peter Kafka

Recent Posts by Peter Kafka

Tumblr Counts Its Money–$30 Million of New Funding

Prompted by an SEC filing, Tumblr finally fesses up about its big funding round, which we noted a month ago. The final numbers: Sequoia, Spark and Union Square Ventures put in $30 million, for a post-money valuation of $155 million.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work