Peter Kafka

Recent Posts by Peter Kafka

BuzzFeed’s Investors Are Back for $19 Million More

BuzzFeed, the fast-growing, Facebook-friendly Web publisher, has raised another $19.3 million. The deal comes a year after the company rounded up $15.5 million in funding, and involves the same set of investors, including New Enterprise Associates, Lerer Ventures, Hearst Media, Softbank and RRE. BuzzFeed has raised more than $46 million since 2008, and says the money will go into international expansion, among other plans.


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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