The PayPerPost Revolution Accelerates, Sponsored Blogging Marketplace Secures $7 Million Series B Draper Fisher Jurvetson Leads Round and Joins Board of Directors

Orlando, FL (PRWEB) June 13, 2007

PayPerPost, the leading marketplace for advertisers to reach bloggers and other consumer content creators, today announced it has completed a $ 7 million second round investment led by Draper Fisher Jurvetson, an investor in the companies Series A and one of the world's leading high-technology venture capital firms.

The financing brings the total amount of capital raised by PayPerPost to over $ 10 million, giving the company considerable resources for further development as the industry's leading Consumer Generated Advertising marketplace. Additional participants in the round include insiders Inflexion Partners and Village Ventures as well as new investor DFJ Gotham. With this investment, DFJ Managing Director Josh Stein also joins PayPerPost's Board of Directors.

"PayPerPost created this exciting new advertising space and has established itself as the industry leader," said Ted Murphy, chief executive officer of PayPerPost. "Although we've only used a portion of our first round capital, this added support from investors unlocks significant growth potential. Our content creator and advertiser ROI metrics clearly demonstrate the upside for PayPerPost's model. We intend to use this capital to build the infrastructure, visibility and professional expertise necessary to reach and retain a greater network of advertisers and content creators than ever before."

Since its founding in June of 2006, PayPerPost has signed more than 6,500 advertisers to its groundbreaking service, which has enabled Consumer Content Creators to be compensated for their efforts discussing specific companies, products or services via blogs, videos or other media. The content creators are required to disclose relationships with advertisers on their blog, providing transparency for the end reader. Over 125,000 Internet postings, most in the form of blogs, have already earned money for their creators through PayPerPost's innovative marketplace. PayPerPost recently released PayPerPost Direct, a disruptive new service that allows advertisers to contract and negotiate directly with individual bloggers they identify through a safe, managed system.

"PayPerPost has laid a strong foundation for the future," noted Tim Draper, founder and managing director of Draper Fisher Jurvetson. "It continues to attract a critical mass of participants from both the advertising and blogging communities. Analogous to Overture's sponsored search model, we believe PayPerPost's business model holds disruptive potential and will enable the company to thrive in the evolving paid-content arena."

To mark the $ 7 million dollar funding, PayPerPost has launched a new website detailing the company's service offering at http://www.payperpost.com. Bloggers and advertisers can easily sign up at the site and begin leveraging the self service marketplace.

About PayPerPost:

PayPerPost is the leading marketplace for Consumer Generated Advertising. The PayPerPost platform connects advertisers with bloggers and other consumer content creators in order to develop and distribute compelling content throughout the blogoshpere and social networks. Advertisers compensate bloggers to promote their products, services and websites, providing bloggers with a way to monetize their blog and traffic unlike ever before. The company is backed by prominent investors including, Inflexion Partners, Village Ventures, DFJ Gotham and Draper Fisher Jurvetson. Join the PayPerPost Revolution at, http://www.PayPerPost.com.

About Draper Fisher Jurvetson:

Draper Fisher Jurvetson is the only venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and more than $ 3.5 billion in capital commitments. DFJ's mission is to identify, serve and provide capital for extraordinary entrepreneurs anywhere who are determined to change the world. Over the past twenty years, DFJ has been proud to back approximately 300 companies across many sectors including such industry changing catalysts as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Interwoven (IWOV), 411 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID). For more, please visit http://www.dfj.com.

About Inflexion Partners:

Inflexion Fund, L.P., "Florida's Venture Fund", is a seed and early-stage venture capital fund organized with an emphasis on company building and harnessing the regional, national, and international resources of the fund's managers and strategic partners. The managing partners of Inflexion leverage a mix of operating and venture experience in over sixty early-stage companies to back passionate entrepreneurs, build companies as a trusted partner and help founders turn their vision into reality. For more, please visit http://www.inflexionvc.com.

About Village Ventures:

Village Ventures is an early stage venture capital firm investing in exceptional entrepreneurs building information technology and life sciences companies in emerging domestic geographies. Village Ventures identifies promising investment opportunities in partnership with its nationwide network of 13 early stage venture capital funds that are focused on these emerging domestic geographic markets. The model combines local Partner Fund capital and hands-on investment practices with Village Ventures' centralized services and national network to help create compelling and innovative companies. For more, please visit http://www.villageventures.com.

About DFJ Gotham:

DFJ Gotham Ventures is a venture capital firm focused on early-stage technology companies primarily in the Northeast U.S. Since its first investment in 2000, DFJ Gotham has backed over 20 companies spanning a wide array of technology sectors. DFJ Gotham partners with extraordinary teams of entrepreneurs to build strong and successful businesses that make a huge impact in their industries. DFJ Gotham takes pride in being an active partner, leveraging its experience, knowledge and relationships to provide substantial value to its portfolio companies. DFJ Gotham is proud to have backed such category leaders as Massive (acquired by MSFT), XOsoft (acquired by CA), Q-Link (acquired by Adobe), Mimeo.com and ContextWeb, among others. For more, please visit http://www.dfjgotham.com.

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Lijit Networks, Inc. Secures $3.3 Million Series B Investment Round Led by Boulder Ventures

Louisville, CO (PRWEB) June 25, 2007

Lijit Networks, Inc., a company that provides revolutionary search tools and statistics for blog publishers, announced today that it has secured $ 3.3 million in Series B funding. The round was led by Boulder Ventures, who joins existing investors, Colorado Fund I, managed by High Country Venture, and Brad Feld. The investment is designed to fuel Lijit's continued exponential growth, as more and more publishers adopt Lijit's services and technology.

"Lijit provides tangible value to both readers and publishers by delivering highly relevant search results and turning search interactions into compelling statistics", remarks Peter Roshko, General Partner at Boulder Ventures, who will join Lijit's Board of Directors. "Publishers have very few feedback channels that help them better understand and serve their reader community. With this investment Boulder Ventures can help Lijit capitalize on their success to date in fulfilling this need and take their services to the next level."

Lijit's search service allows readers to search blog publishers' posts, bookmarks, blogroll, and more from a widget placed on the publisher's property. "Lijit's Search Wijit turns my technology industry interests and expertise into a powerful resource for my readers," says Dr. Paul Kedrosky, venture capitalist, media personality, entrepreneur, and author of one of the best known business blogs on the Internet, Infectious Greed (paul.kedrosky.com). "I'm able to use Lijit's search statistics to understand what brings readers to my blog, what they search for while they're there, and which results they find most useful. It's given me valuable insight into my reader community."

Creating and maintaining a personalized Lijit Search Wijit is very quick and simple, thanks to Lijit's automated identity and network discovery technology. "Each month Lijit's search capability is seen over 8 million times on publishing properties across the Internet, which is a testament to the service's value and ease of use," comments Todd Vernon, CEO of Lijit. "This investment will allow us to keep pace with our growth curve, continue development of new and exciting features, and explore new partnering opportunities."

About Boulder Ventures, Ltd.

Boulder Ventures manages over $ 300 million in venture capital partnerships, making equity investments in start-up, early stage, and emerging growth companies. Boulder Ventures primarily seeks opportunities in enterprise software, Internet-based business applications and services, communications infrastructure and services and life sciences tools and services. Boulder Ventures works in partnership with entrepreneurs, providing easily accessible, active support to develop novel business concepts into important companies. Boulder Ventures has offices in Owings Mills, Maryland and Boulder, Colorado. For more information, visit http://www.boulderventures.com.

About High Country Venture

High Country Venture manages Colorado Fund I (http://www.coloradofund1.com), a venture capital fund seeking to invest in seed and early stage businesses in Colorado. To date, the fund has made several investments in various industries including life sciences, information technology, and retail. It is located in Boulder, Colorado.

About Lijit Networks, Inc.

Lijit Networks, Inc. was incorporated in June 2006. The Lijit service was developed to search people, their content, and connections in order to deliver search results with unprecedented relevance. The company is led by Todd Vernon, CEO. Vernon, a founder and former CTO of Raindance Communications, brings to the team his management experience in the high-tech sector and enthusiasm for leading-edge web technologies. Stan James, founder and CTO of Lijit, brings years of research in social trust and a portfolio of intellectual property in the space. http://www.lijit.com

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Driving Sports TV Announces Official Live Coverage of Round 5 of the Rally America Racing Series

Redmond, WA (PRWEB) June 2, 2008

Driving Sports today announced that it would be presenting live worldwide coverage of the 2008 Waste Management Susquehannock Trail Performance Rally presented by Citizen's and Northern Bank, Round 5 in the Rally America Championship series, scheduled for June 6 and 7.

As part of this groundbreaking coverage, Driving Sports will present live video streams, a dynamic event blog, cell phone SMS alerts and daily action recaps through its web site http://www.drivingsports.com. This will be the first time a Rally America regular series round has featured such extensive live coverage. The event is a crucial step for competitors as they fight for coveted invitations to the 2008 ESPN X Games in Los Angeles.

"We are very excited to bring some of the best rally action in the world to a wider global audience," said Driving Sports Producer, Ryan Douthit. He continued, "We've lined up a talented team to bring the unfiltered excitement of professional rally to new and existing fans of the series!"

Viewers will have the opportunity to watch and interact with action sports stars, Dave Mirra, Travis Pastrana, Ken Block and Andrew-Comrie Picard, as they fight against the elements and a large field of seasoned challengers - all from the comfort of their home computers or on select 3G smartphones.

"Rally America appreciates the coverage that MediaSpigot has provided over the years through its print magazines, and we're really excited about the live updates they have planned for Round 5," said J.B. Niday, Managing Director for Rally America.

The first live broadcast from the event will commence at 9am EST on Friday, June 6, with additional live feeds and updates posted regularly throughout the day, including exclusive interviews from the service-park and tape-delayed stage action. Viewers can point their web browsers to http://www.drivingsports.com for more details, or text RALLY to 38714 to sign up for SMS alerts.

About MediaSpigot LLC

Based in Redmond, Wash., MediaSpigot is one of the fastest growing, privately held producers of automotive-enthusiast media in the United States. Its print titles include Subiesport Magazine, among others, available through major booksellers in the United States, Canada, Singapore and Hong Kong. Under the Driving Sports and Driving Sports TV brands, MediaSpigot produces enthusiast lifestyle events, television specials, web destinations and streaming video programming. For more information, visit http://www.mediaspigot.com.

About Rally America

Based in Golden Valley, Minn., Rally America sanctions the premier rally racing series in the United States, the Rally America National Championship Series. In 2008, Rally America will conduct nine National Championship events at venues across the country, from Pomeroy, Wash., to Bethel, Maine. Rally America competitors reach speeds well over 100mph in modified street cars on natural-terrain courses of gravel, dirt or snow. Additionally, through a partnership with ESPN, qualifying Rally America drivers will be invited to compete in the Summer X Games, the annual leading action-sport event that is broadcast live on ABC and ESPN. For more information, visit http://www.rally-america.com.

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