[beatpanda]

People love to trash talk WordPress, but by being consistently correct and committed to its principles, it got this single line in this article:

"WordPress has managed to keep chugging and even bought Tumblr off Verizon."

It's because Matt Mullenweg and co have held the line on open source and the open internet for more than a decade now, and we should all be grateful.

Everything cool I've gotten to do in my life I owe to learning to code via building WordPress websites. I hope in the next decade WordPress and companies like Automattic become the example to aspire to instead of people throwing more fuel on the never-ending VC trash fire.

[frank2]

Automattic has raised US$617.3 million in six funding rounds, the latest one being 3 months ago. (Source: Wikipedia.)

[beatpanda]

Automattic was founded 15 years ago, and despite being a profitable and growing company for most of that time, has only raised $617.3 million, mostly to fund specific expansion projects. At no time have they sought 10x returns or some kind of spectacular exit for the benefits of its shareholders. It’s not even close to the disaster that is most of VC world.

[frank2]

617 million is a lot for the general sector. Quora has raised 226 million; the company behind Stack Exchange, 68M.