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Weblogs Inc named in top five online firms to watch in 2005

Weblogs Inc named in top five online firms to watch in 2005

Jason Calacanis’ Weblogsinc has been named as one of 5 internet firms to watch in 2005 according to Business Week.

In the report from Scott Kessler, he writes:

Weblogs [inc] is the purveyor of a network of more than 70 blogs, which it characterizes as the world’s largest. The company is dedicated to creating trade blogs across industries in which user participation is an essential component of the resulting product. Weblogs network categories include Consumer, Technology, Wireless, Video Games, Media & Entertainment, Business, Life Sciences, Personal, and Events.

I believe blogs will grow increasingly prominent, because they offer interesting and unique content, are easy to search and organize, and have the potential to generate notable revenues and profits through the use of online advertising (primarily keyword search) and affiliate marketing. Gawker Media is another major network of blogs.

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I wouldn’t be surprised to see companies such as these make news on the financing front in 2005, by possibly raising private capital or taking steps toward an IPO….

An IPO of WeblogsInc, now we’d like to see this. Congrats to Jason though on the profile.

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