In these parlous times, when there ain't nobody getting money for nuthin'
, Arianna Huffington's Huffington Post
-- one of the leading purveyors of Hillary-hate in 2008 -- will receive an additional $15 million shot of venture capital
That funding round brings The Huffington Post up to $40 million in raised capital, giving it an estimated valuation of $100 million, says a report in PaidContent.org
Oak Investment Partners participated in this latest round. In previous rounds, SoftBank Capital and Greycroft Partners have provided investments.
Keep in mind that HuffPo is on the rise while Los Angeles Times
and other traditional news outlets are shedding reporters and staff. Mainstream news outlets -- which, in theory at least, try to offer unbiased reportage -- are being replaced by openly hyper-partisan online sources.
This is very disturbing news indeed -- especially for people who believe, as I believe, that Stassinopolous remains a libertarian at heart.
So how did Arianna achieve this august position? In large part, she did it by sucking up to celebrities and making sure that her site featured "names" as often as possible.
Here's the larger question: How did this woman bull her way into the American aristocracy?
Many younger people don't know that Arianna once was a hard rightist, and that she remains the devotee of a particularly obnoxious religious cult. Despite her foreign birth, she once tried to "Lady MacBeth" her way into the nation's highest office by way of a sham marriage to a rather easily manipulated gay millionaire. When that plan came a-cropper, she became a state-wide joke; even the local radio rightists mocked her mercilessly. And yet, after switching ideologies, she made a seamless transition into her current position as "new media" powerhouse.
Why are some people simply not allowed to fail
? How does one enter that rarified club?