Om Malik quits Biz 2.0, raises cash to build out broadband news site
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!
Links to blogs that reference this entry: