CEO Skrenta lays the deal out.
PR rep Rubel weighs in, along with Malik, Battelle, Hammock, Ali, and Jarvis.
Update: Bambi Francisco, Marketwatch: “Topix.net would not disclose the terms of the deal, only to say that the funding was less than $5 million. The capital will be used by the nine-person team, partly to give a salary to the founders, who hadn’t paid themselves in three years.”
Clarification: Valuation for Topix.net is rumored to be way higher than Bloglines. If the $$ rumors are right, the founders should be feeling pretty, pretty good.

CEO Skrenta lays the deal out.
PR rep Rubel weighs in, along with Malik, Battelle, Hammock, Ali, and Jarvis.
Update: Bambi Francisco, Marketwatch: “Topix.net would not disclose the terms of the deal, only to say that the funding was less than $5 million. The capital will be used by the nine-person team, partly to give a salary to the founders, who hadn’t paid themselves in three years.”
Clarification: Valuation for Topix.net is rumored to be way higher than Bloglines. If the $$ rumors are right, the founders should be feeling pretty, pretty good.