Today, MyBlogLog was purchased by Yahoo! for an undisclosed but imaginable sum of money. The purchase of MyBlogLog is not really that interesting, despite the amount of press it has generated. What is more interesting is this footnote in Om Malik's entry about the purchase:
Footnote: This just might be one of the first few virtual company acquisition. One of the founders lived in Massachusetts, while another called Orlando his home, along with two other developers. Rafer lives in San Francisco. And they met on LinkedIn. Yup, something for our friends on Web Worker Daily to chew on!
We at Gray Hill Solutions, are working on a large enterprise-scale software project. We have staff in multiple countries and time zones. It's a small group - eight people - and we meet daily.
It's like we are working on a very large sculpture and each day, each of us volunteers to work on a given piece of the sculpture (a feature). And using this simple and effective process, we rapidly move through the development.
Rafer's group for MyBlogLog created an effective set of metrics and social networking tools with no real central office and with major players in their development located far from each other.
Watching our software being created is fascinating. A year ago we created a vision for this for this project. We found funding and are watching it come together. Today, in fact, is a code freeze for an internal release point.
With both the UI and the functionality, watching it all come together is truly like watching an artists collective all working on a common project.
I'm certain the same is true for the MyBlogLog group. It's growing very organically over the time I've been using it.
Now, I just hope that Yahoo is able to keep it going!
Blogged at Gray Hill Harbor Offices in Seattle using Windows Live Writer