Wall Street Journal | PaidContent.org
Venture capitalist
Alan Patricof is investing less than $1 million in PaidContent.org and two other digital media/tech websites started by
Rafat Ali. (Read Ali's
comment.) "The financing, though small in comparison with most Web deals, is one of several in recent weeks that indicate optimism on the part of early-stage investors in the viability of blogs as an outlet for journalism, rather than the gossip and personal opinion that characterizes much of the medium," writes
Nick Wingfield.
