Paid Content takes VC Funding

Paidcontent, run by Rafat Ali, has accepted VC funding:

The biggest step till now was me deciding to go full time with the blog, back in early 2003. This tops that:

The news: ContentNext Media, the parent company of our three sites ‘€“, and ContentSutra ‘€” has received its first round of investment from Alan Patricof’€™s new venture firm Greycroft Partners. The amount is not being disclosed.

Congratulations to Rafat and his team!