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Long Term Value September 7, 2012

Posted by Steven in In-Media, Innovation.
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If you split up the web and check what engine is powering which site – then you quickly find out that around 17% of the world’s websites are powered by wordpress.

Forbes recently published a very interesting story about the development of wordpress and the inception of “automattic” – the company driving wordpress.com.

The article neatly describes how automattic as the company behind wordpress (and still a huge supporter of open source wordpress.org) grew slowly and always focused on the core ideas of wordpress. Several opportunities were presented to Matt Mullenweg and Toni Schneider – the co-founders of the company – to cash out but they refused.

Even though the user base grew and many many sites rely on wordpress they still balance out the movement of open source compared to making money and focus on a small modern company.

As a personal interpretation I find this focus on long term value remarkable. So many .com companies are born and quickly sold for many millions. Then investors dissect the core idea behind the original product and a potential evolution is stopped.

I hope the evolution of wordpress yet continues for many more years!

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