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I’m sticking to my argument that blogs should get cash positive and then start to acquire others - raising a slug of money just gives people an incentive to spend it, and you lose control to a group of investors who may know little or nothing about how to build a blog.

And what’s most clear in all of this is that the small, independent, passionate blogger who writes day and night about whatever it is that captures her imagination plays an important role in the ecosystem. They keep the larger blogs honest, and the best of them will grow into large properties in their own right. It’s a beautiful, nasty, hyper-competitive and chaotic world we bloggers live in, and most of the time I wouldn’t change it for the world.