IP Democracy: PaidContent: Latest Blog to Go Big Time

Rafat Ali, the hard-working and savvy blogger who publishes PaidContent.org, among other blogs, is the latest example of a successful blogger. Late last night Rafat told the world that he has lined up venture funding from a blue-chip investor, Greycroft Partners LP headed by tech veteran and New York magazine founder Alan Patricof. (The Wall Street Journal says that the investment is under $1 million.)

Like Om before him (and the two bloggers are friends), Rafat earned his success the hard way — four years of constant vigilant writing, out of his home no less. (In addition to hiring staff, Rafat will use his new-found cash to rent offices.) Paidcontent.org will generate $1 million in revenue this year and is profitable.

So this development answers, in part, the perennial question about whether there is money in blogging. But it’s not an answer that many people want to hear — yes, there is money in blogging, but for most people it takes years and hard work to see the dough. Only a few special people can hang in to earn their rewards and Rafat is one of them.

Posted by Cynthia Brumfield on June 26, 2006 10:11 AM to IP Democracy