Left-of-center political news blog TalkingPointsMemo has received its first outside money, from Marc Andreessen and other angel investors, according to TC. The amount is small, and pegged between $500K to $1 million. The investment from Andreessen, his second in a blog network (the first being Business Insider), is a personal one, and not from his new $300 million investment fund.
TPM, headquartered in NYC, was founded by Joshua Marshall in 2000, and has since been funded by advertising and user contributions. Earlier this year it hired former Yahoo (NSDQ: YHOO) ad sales exec Diane Rinaldo to ramp up its ad sales efforts. It has about 15 employees, and says is profitable.
By Rafat Ali