Technorati Business Model? VC's Seem To Think So

One of the most well known RSS feed aggregators (primarily for blogs) gets Venture Capitalist funding. I guess there's something to this blogging thing after all.

Here are some excerpts from the blog entry
" Technorati has/or is about to close its first round of funding. My sources indicate that it was a mega-round, about $6.5 million at a valuation of around $12 million for the company. Draper Fisher Jurvetson led the round. When I asked David Sifry, he declined to either confirm or deny the news. "I'm sorry, it is our policy not to comment on questions on funding," he wrote in an email. Next step, a quick email to Steve Jurvetson who confirmed that his fund led the round. "We did lead the first round and I think we are the largest investor," he wrote."