Crowdfusion is on the move with $3 Million in the coffers from the likes of Marc Andreessen, Velocity Interactive Group and Greycroft Partners. The startup is attempting to be the next standard for “web publishing” (Think what wordpress did for blogging). There is a tremendous amount of buzz on this startup particularly because Andreeseen is involved. If you haven’t noticed his past track record, he basically has the midas touch. After signing up at the holder teaser page Crowdfusion relinquished this information:
Crowd Fusion’s mission is to revolutionize online publishing with a
unique combination of technology and strategy. Our platform is
engineered to help position topic-focused publications as the leaders
in their verticals by providing publishing engines for the entire web
The Crowd Fusion’s infrastructure and data-mining functionality equip
publishers with the ability to automatically scale as demand
increases. We provide a set of easy-to-use and dynamic tools that
accommodate a publisher’s needs as they arise.
The jargon laden business model sounds like the executive summaries I use to spew in my VC wars. What I find interesting is buddypress (a social version of wordpress) is right around the corner and with a 4 million plus built in audience. Matthew Mullenweg the founding developer of wordpress stated the following on his blog.
It’s clear that the future is social. Connections are key. WordPress MU is a platform which has shown itself to be able to operate at Internet-scale and with BuddyPress we can make it friendlier. Someday, perhaps, the world will have a truly Free and Open Source alternative to the walled gardens and open-only-in-API platforms that currently dominate our social landscape
As this category of more “integrated social publishing” heats up BuddyPress, Crowdfusion and many others are going to wage war on simplicity, monetization and plug&play for the little publisher who could.