AlleyInsider is a one year old media and technology news blog that was started by Kevin Ryan, Dwight Merriman, and Henry Blodget. The company has just raised funding and is now valuated at $6 million in post-money valuation. Allen Morgan, former partner at Mayfield Fund was one of the investors. AlleyInsider started looking for funding this past April in the range of $750K-$2 million.
AlleyInsider is launching two new blogs: Clusterstock and The Business Sheet.
WIth this round of funding, AlleyInsider plans on maintaining their current business and hiring additional talent. As a matter of fact, Henry Blodget (AlleyInsider) wrote an article yesterday titled, Hey, Fired WSJ Editors, We Have Awesome Jobs For Two of You! on the same day that Peter Kafka (AlleyInsider) wrote an article titled WSJ Firing 50 Editors, Hiring 95 Reporters.
Good luck to AlleyInsider–It’s another victory for technology and social media blogs.