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October 4, 2006

TechCrunch’s Jealousy of Other Blogs Earning Money

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I don’t know how many of you read TechCrunch’s initial comments about PayPerPost. I know that before I signed up with PayPerPost I read all about it on TechCrunch, Digg, Business Week and it seems like at least a few other articles on the PayPerPost idea. I didn’t want to be giving my social to PayPerPost if they weren’t legitimate. Actually, now that I think about it, the blog from Jeremiah was what gave my confidence that PayPerPost wasn’t a scam. All the other sites were just reporting it as news. Kind of interesting that seeing the blog post by Jeremiah is what infused enough confidence in the PayPerPost product. I guess that’s what makes PayPerPost such a potentially great business.

Well, after blasting PayPerPost in it’s initial post, TechCrunch has taken a higher road of journalism and finally answered to the $3 million PayPerPost has gotten from venture capitalists. They still label it as controversial, but it seems like their tone has finally changed to almost accepting it as a viable business.

I guess my take is that TechCrunch shouldn’t be the only one making money blogging. In fact, I can see some significant benefits of my blog to those who want to try blog advertising. I’m always amazed at how quickly Google can find a new blog post and display it in its search results. A post I made late last night is already indexed by google.

A few other interesting parts from the TechCrunch post and podcast are:

And Josh Stein at DFJ seems excited about the potential profitability of the company while downplaying the ethical issues raised by this and other blogs – the market will sort things out, he says.

Some back of the envelope calculations based on numbers Ted disclosed in the podcast suggest that revenues after the first few months of operations have topped $100,000.

I agree that the market will work out the ethical issues. $100,000 in revenue is pretty good growth. I hope they have a good accountant. I think it’s just cool to know that I was the 61st blogger to sign up for PayPerPost.

Yes, I was paid for this post, but I would have said the same thing on my blog regardless. Take it for what it’s worth. I’ll take the $1200 I’ve made so far.

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