Yesterday, on the heels of his 30th birthday, WordPress creator Matt Mullenweg announced that he would be taking over as CEO of Automattic, the company he founded just over eight years ago, marking a transition from his focus on tech and product to business. He will be swapping roles with Toni Schneider, who announced in a blog post yesterday that he felt a “sense of completion” in regard to Automattic’s early goals and that he was ready to “work on some new product ideas.” Schneider will fill the role of advisor that Mullenweg has held. “Internally this isn’t a big […]
In a blog post this morning Matt Mullenweg, one of the founders of WordPress, shares that Tiger Global has invested over $50M in his company, Automattic. This isn’t a new capital round or series round – rather, it’s based on secondary stock purchases so that earlier investors can “lock in some returns” which releases pressure for a much larger liquidity event. Tiger Global joins the likes of Polaris Partners, True Ventures, Radar Partners, and the New York Times Company all who have stake in the growing company. As Toni Schneider shares in his blog post, Tiger isn’t a small player (although a more “behind the scenes” […]
Apparently Bandcamp is continuing to innovate with the new release of their service Bandcamp for Fans, which now boasts some very neat features: Today we’re giving fans the ability to showcase their Bandcamp music collections, follow their favorite artists, explore the music of like-minded fans, add items to a wishlist, and more. In developing these features, we’ve been guided by one overriding objective: grow revenue for artists while keeping the core Bandcamp experience as simple and clean as possible. Toni Schneider, the CEO of Automattic, apparently has his own growing collection.