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Weblogs Exits Early

by Greg Cangialosi on October 6, 2005

Paid Content reports that Weblogs, Inc is being bought by AOL. Jason Calacanis and his partner Brian Alvey have decided to exit early and take a buy out, or as Paid Content reports possibly some kind of earn out. As a business owner, that can only mean one thing, they got a sweet deal. The company is just about 2 years old with a run rate of approximately $2 million in revenues. In other words, they are just getting going. I am sure we will be hearing much more about the particulars, but it sounds like they could have a deal worth somewhere in the $20-30 million range. Not bad for a business that was started just two years ago, even if there is an incentived earn out attached to it. Nice job Jason.