thoughtsignals

Blog network b5media has scored a VC investment. Venture capitalist Rick Segal explains why his firm, JL Albright, and Brightspark decided to invest.

First, he says, a blogging network provides a way to take advantage of take advantage of the opportunities posed by information overload:

There are opportunities for new authorities on topics of all kinds to emerge and b5 is a great platform to bring those authorities to market.

Second, the blogging network provides a way to take advantage of what Doc Searl has called the “intention economy.”

All of this translates into an opportunity to grow a business that is about the intention economy.  While many will dismiss this as just blather about making money with ads, I believe there is more to it and b5 represents a good opportunity (and great team) to test out/play out some of these ideas.

And third, he mentions the “passionate team of young entrepreneurs” at b5, plus the presence of Shel Israel.

Shel’s general expertise (and passion) about blogging combined with decades of experience in media, offer b5 a unique perspective and valuable cache of wisdom that we can apply while building the global neighborhoods.

Segal’s post is worth reading in its entirety. Link.
On a related subject, if Greensboro is such a hub of blogging and online community building, why haven’t we seen some kind of successful company in that space in the Gate City? By successful, I mean a firm that has gotten VC capital or started generating serious revenue or that has been considered for possible acquisition by another company. Have I missed something?