Sarah Lacy’s PandoDaily Raises $2.5 Million
Sarah Lacy is the author of “Once You’re Lucky, Twice You’re Good” and a columnist at BusinessWeek. Michael Arrington hired her to write for TechCrunch.com, but she quit shortly after the technology blog was acquired by AOL. Today it was announced that Lacy has started a new website called PandoDaily and it is backed with $2.5 million in funding. PandoDaily is a daily technology news blog and it will focus on the startup community. The website name was inspired by a colony of trees in Utah called Pando Trees.
PandoDaily will feature regular columns from Michael Arrington, M.G. Siegler, and Paul Carr. Farhad Manjoo will also be a columnist at the website. The $2.5 million in funding came from individual investments from Marc Andreessen, Peter Thiel, Tony Hseih, Zach Nelson, Andrew Anker, Chris Dixon, Saul Klein, Josh Kopelman, Jeff Jordan and Matt Cohler. Aside from these seed investors, PandoDaily has also received funding from CrunchFund, Greylock Discovery Fund, Accel’s Seed Fund, Menlo Ventures Talent Fund, Lerer Ventures, SV Angels and Ooga Labs.
Lacy said that she has no intentions of ever selling PandoDaily and if she does, then she believes she has failed. She was heavily opposed to TechCrunch being sold to AOL at the time, but believed that Arrington deserved to get rich. Personally I’m excited for Sarah and the fact that another tech blog has received funding reaffirms the business model.@amitchowdhry or on Google+ at +AmitChowdhry