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Om Malik quits Biz 2.0, raises cash to build out broadband news site

Om%20Malik.jpg
Om Malik
It was only a matter of time.

Om Malik (bio), the San Francisco writer of the cutting-edge blog on broadband news, Gigaom, has raised several hundred thousand dollars from San Francisco venture firm True Ventures to focus full-time on building out the blog site.

He has resigned from Business 2.0, but will continue to write a column for the publication.

Om will post about his move later tonight, he told us, and we'll update with a link.

His focus will be on broadband and Internet coverage, in line with what he has done so far, but he will "bring in some elements of interactivity," he told us, saying he is still in the proof-of-concept phase and so it is hard to be more specific. "I'm building related web services, and applications to enhance the site...Web 2.0 tools for people so they can enjoy it. It's all the wonderful things that have come out of Silicon Valley in recent times, a lot of open source tools."

He said he'll be hiring more people to help him, on both technology and news coverage. "My industry is really big, and it's really hard for just one person to do it," he told us earlier this evening in a phone call. He'll focus on start-ups, and regulatory issues, among other things.

"You have to give it a shot," he said. "Otherwise, when we grow old, we'll have that issue in our head...and regret we didn't do it."

Om has been daily reading for us for at least the past 20 months, and his example as an early reporter-blogger was a major inspiration for our launch of SiliconBeat. He is a reporter at heart. We remember when we first met him, noting how well connected he was -- we questioned whether he could maintain the gadfly instinct while getting so close to industry players. But he has proven time and again he has not lost the fiery eye -- and pen -- of the critic. And the best part is his humor; it is a rare morning we don't chuckle out loud at his missives -- and we can safely say Silicon Valley wouldn't be the same without him. We wish him well!


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Comments

Matt & Mike, what is up your sleeves? :)
Is that just matter of time as well ;-)

Nag .B /at/
StartupHubs.com

StartupHubs.com on June 12, 2006 11:12 PM
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It's a great move, but since when did it take 'several hundred thousand dollars' to build out a blog? Even if you want to add some tools. This should be interesting, a great theorist meets reality head on.

Ivan Pope on June 13, 2006 4:06 AM
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Does not surprise me a bit.

Anyone who is remotely a human, knows a thing or two about "the Internets", and has an instinct of some sort would be feeling inclined to get in the ring instead of merely covering the game from the sidelines.

-Zaid
http://cardboard.typepad.com

Zaid Farooqui on June 13, 2006 5:56 PM
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A blog, especially if it has a lot of video content to be created and news to be collected would need decent amount of funding.

I guess siliconbeat is run as a part time hobby or something?

Matt, can you please confirm whether siliconbeat is a commercial venture?

Harshal

Harshal Vaidya on June 14, 2006 6:40 PM
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Harshal, there are nuances in the relationship between the Mercury News and myself that are best left confidential for now. But yes, SiliconBeat is run on my own time. I'm considering various options.

Matt

Matt Marshall on June 14, 2006 7:26 PM
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Yes, Silicon Valley will not be the same without Om, and we all love his humor. Please keep us updated on his new endeavor.

Helen Wang on June 20, 2006 10:49 PM
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