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<i>Real World Cancun</i>:  At Least You Weren't Adopted!

Real World Cancun: At Least You Weren't Adopted!

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White House Press Corps Happy to Attend Barack Obama's Off-the-Record BBQ

White House Press Corps Happy to Attend Barack Obama's Off-the-Record BBQ

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Gawker Comments Are Made of Stars

Gawker Comments Are Made of Stars

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Ruth Madoff's 1BR Fixer-Upper

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James Franco's Rejected UCLA Speech: 'Who Doesn't F-ing Fall Asleep in Class?!'

James Franco's Rejected UCLA Speech: 'Who Doesn't F-ing Fall Asleep in Class?!'

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Agyness Deyn Is, Like, So Very Bored Right Now

Agyness Deyn Is, Like, So Very Bored Right Now

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Gawker
  • Venture Capital

    With $29.5 million, Automattic cashes out some insiders

    By Owen Thomas, 2:23 AM on Wed Jan 23 2008, 1,122 views (Edit, to draft, Top, Slurp)

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    Automattic, the maker of WordPress blog-publishing software, has raised $29.5 million from the New York Times Co. and existing ventures.Not all of the money went straight into the company's coffers, however: Some insiders with vested options sold shares in the round. This is perhaps the most notable example of a new trend: Startup employees profiting from their stakes before a sale or IPO. Reports, however, miss the most tantalizing details: Anyone know who cashed out — founder Matt Mullenweg? CEO Toni Schneider? — how much they sold, and if they're buying any new cars?

    More about Automattic

    Great Moments in HR

    With latest acquisition, Automattic now 84 percent white men

    Northern California is an enlightened haven of multiculturalism, and globalization requires a diverse workforce. Unless you're a startup, in which case you're going to hire people who look like you. More »
    Great Moments in HR

    Matt Mullenweg: All Automattic's foreign workers are independent contractors

    At the Start conference yesterday, Automattic founder Matt Mullenweg, creator of the popular WordPress blog software, startled the audience by claiming his company didn't have any employees.
    Automattic

    Matt Mullenweg charms pants off Kara Swisher, copies my hairdo

    AllThingsD's Kara Swisher admits her bias in interviewing Automattic founder Matt Mullenweg: Not only does her site use his blogging software, but she admits to having a "personal mancrush" on the programmer. More »

    Read More: Venture Capital, Automattic, blogging for dollars, Matt Mullenweg, Toni Schneider, WordPress, Valleywag
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