Peter Kafka

Recent Posts by Peter Kafka

Another $85 Million for Tumblr

Tumblr, the booming blogging platform that has yet to spend much time generating revenue, now has even more time before it has to get down to business. The four-year-old company has raised an $85 million round led by Greylock Partners and Insight Venture Partners, along with new money from Peter Chernin and Richard Branson. Earlier investors Spark Capital, Union Square Ventures and Sequoia Capital re-upped as well.


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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