Kara Swisher

Recent Posts by Kara Swisher

Video: Om Talks About $6 Million Giga-Funding

Yesterday, I slogged through the rain to the downtown San Francisco HQ of the GigaOM Network to visit with tech blogging pioneer Om Malik.

He just got $6 million more in funding, bringing the total for the tech news and research company to $15 million. Reed Elsevier Ventures is the newest investor, along with current ones, Alloy Ventures and True Ventures.

Malik, who founded GigaOM five years ago, is also a partner at True. He said he still owns a substantial stake in GigaOM after the funding, which apparently valued his company at $40 million.

GigaOM–which is better known for its popular tech news and analysis blog–will use the money to turbocharge its premium subscription service, called GigaOM Pro. That service charges $199 a year for deep-dive reports in areas including mobile, clean tech and cloud computing.

Here’s my video chitchat with Malik:


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald