Whoa! $12M for an RSS bunch of crappy blogs

[Taro Toporific]

Our own FG, "gkanai", is saying on his weblog [August 24, 2004] that $12 million in venture capital is being dumping into often-offline-&-buggy, RSS blog search engine, Technorati.

Technorati = $12M?!
Whoa!
Draper Fisher Jurvetson does a $6.5M Series A of Technorati at a $12M valuation.
Now.... it's a waiting game for Bloglines and Feedster.
Technorati gets fed VC dollars