Here is an interesting twist that arrived in one of my web-mail boxes:
Dear Nigerian:
Hello I have been referred to speak with you by our mutual acquaintenances and they assure me that you are a truly honorable and honest person of quality. I have recently come into possession of a small fortune provided by investors and need to move it out of my country. The sum of $7 million US was provided to me by investors who believe that my business will provide them a profitable investment. I need to hide this money before they wake up and realize that it is gone.
If you will send me contact and banking information so that this transfer can be arranged I will send you the money. For you efforts you can keep 10% of the balance plus all the interest earned while the money is in your possession.
Please respond to this writing as soon as possible so that we can resolve this to our mutual satisfaction and benefit.
<Name Withheld> Pajama Media/OSM
The name was not withheld in the anonymous e-mail I received but I'm withholding it here. Of course this is purely ficticious (and nearly libelous). I believe that someone has been having some fun at these folks expense.
There seems to be a great deal of energy being spent insulting and denegrating the Pajama Media plan by bloggers who chose not to participate. I asked for and was sent a legal document to join the group but after reading it decided not to participate. My reasoning was fairly simple, this is not my job, it is a hobby. Signing that document would turn my hobby into something else. I have the freedom to ignore this hobby when I feel like it. Of course my other hobbies don't come with huge VC funding opportunities and maybe in the end I will believe that I was a victim of my own short-sightedness. Part of the reasoning behind not joining was the feeling that I could not pin down what the product was. How is this endeavor designed to make money? Is it just seeking web-based advertising revenue or is it a web based version of the Associated Press? Maybe it is actually just another 'group blog'?
The group has raised venture capital (reports vary...either $7 or $3.5 million) and the site appears to be active. I still don't know what the business of the venture is or how it is going to make money. If the critical response is any indication, it is either going to be wildly successful or a completely bomb.
Even if it bombs, why does anyone feel compelled to denigrade the attempt? Some successful bloggers appear to be taking themselves way to seriously.
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