WordPress parent Automattic said to be raising a VC round that values it at $1 billion

Automattic, the San Francisco-based company that is responsible for the WordPress web-publishing and blog-hosting platform — and the associated open-source community — is raising a round of venture capital that could value the company at $1 billion or more, according to a report in Fortune magazine. The financing is said to be in the $100-million to $150-million range. WordPress recently acquired Longreads, a content-sharing community, and has said it wants to get more into content recommendation. Web-publishing competitor Squarespace just closed a financing round of its own that was worth $40 million.
Disclosure: Automattic is backed by True Ventures, a venture capital firm that is an investor in the parent company of Gigaom.

Gnip and WordPress deepen ties, expand data partnership

Exclusive. Gnip is making it very clear it’s not just about Twitter anymore. The company, which provides aggregated API access to a variety of social media streams, has significantly expanded its partnership with Automattic, the company that runs WordPress.com.

My tech 2012 wishlist for Twitter, Amazon & Instagram

As I look ahead, I hope that over the next few months, some of the technology products that I use the most will make incremental changes that could make life better for the people who use their products – including me.

The values-driven startup

Dave Kashen of Quantum Leading calls for a change in startup culture. He believes that when we operate according to our core values and principles, in pursuit of a vision for the future that inspires us, we maximize our individual and collective well-being.

Ownlocal scores funds to get small firms online

Even today, millions of American businesses are still offline — a situation that Texas startup Ownlocal is hoping to change, with new money and a fresh plan that could even help prop up embattled media companies along the way.