SocialText gets funding

Blog and wiki tools are becoming investment opportunities, a great sign both for the health of the consumer-toolset tech sector, and for community-focused software. First Moveable Type got funding, now Ross Mayfield says SocialText has raised some money from:
Reid Hoffman, CEO of LinkedIn and former EVP of Paypal
Joi Ito, Venture Capitalist with Neoteny
Mark Pincus, former co-founder, CEO and Chairman of SupportSoft
Erik Josowitz, former VP of Product Strategy of Vignette
Oakstone Ventures
Freedom Technology Ventures
Let’s see what happens next–the passion is definitely there–will the quality and ease of use of the products draw consumers and enterprise customers?