There’s news on TechCrunch this morning of the “big announcement” to be made by PayPerPost later today… If you’re not familiar with the company, PPP is a new blog advertising network that pays bloggers to include links for their advertisers.

In this article (which you can read online at Controversial PayPerPost Raises $3 Million) you’ll find a recorded telephone conversation between Michael Arrington of Techcrunch, Rob Hof of BusinessWeek and Ted Murphy of PPP - among others.

You may remember some of those names from my recent article on the PayPerPost Controversy.

“The controversy didn’t stop venture capitalists from quickly jumping on board, though. On Tuesday PayPerPost will announce a $3 million round of financing led by Inflexion Partners and with participation from Villiage Ventures and Draper Fisher Jurvetson. Dan Rua from Inflexion and Michael Barach from Villiage Ventures will take board seats. Josh Stein from Draper Fisher Jurvetson will become a board observer.

Rob Hof from BusinessWeek and I spoke to founder Ted Murphy and DFJ’s Josh Stein earlier today about the financing and the product in general. The conversation is available as a podcast at TalkCrunch. Rob’s post on the news tonight is here.”

According to this article, PayPerPost has topped $100k in revenue in their first few months. This is all exciting news for those that are involved and making money with PPP… and it will be interesting to see how things grow and expand over the course of this next year.

I’m confident that PayPerPost is here to stay.

Tags: payperpost, ppp, techcrunch, 3 million, ted murphy, blog advertising