MATT MULLENWEG AND AUTOMATTIC GETS FUNDING... SILICONBEAT TAKES A SHOT
I don't think it's a big deal that Matt Mullenweg changed his mind about getting VC money, but I was amused by SiliconBeat's take on it:
Matt Mullenweg, founder of Automattic, the company that manages the popular WordPress blog software, announced yesterday on his blog that he has taken some funding.
This comes just a few months after his December launch, when he announced he wasn't seeking funding for the San Francisco company. Funny how that works. We believed him, and think he was being genuine at the time, because we've followed him for some time now, and he talks rarely about money, always about vision. And nothing drives VCs wilder than a confident 22-year-old who says he doesn't need any cash. So then they go dangle it in front of him, and he realizes that maybe its easier to take a little dough than spend his time "robbing Peter to pay Paul" each month, as he puts it.