Talking Points Memo is a politics blog that was founded by Josh Marshall in 2000 during the Florida Recount. Marc Andreessen, co-founder of the new $300 million tech fund Andreessen Horowitz has invested some of his own personal money into TPM. This round of funding is not substantial and is rumored to be between $500,000 and $1 million. Given the low cost of operating a blog, this round of funding could keep the company running for quite some time.
Several other unknown angel investors participated in this round of funding as well. Last month Andreessen invested in Alley Insider, a blog network that focuses on technology, finance, politics, and celebrity news.
TPM previously kept the website running from advertising and three fundraising events. The company has 11 employees and is profitable. The website receives about 1.5 million unique monthly visitors and about 15 million page views. One of the groundbreaking stories that gave TPM a lot of attention was when eight U.S. attorneys charged with political circumstances.