AllthingsD.com just posted a story on how one shareholder of DemandMedia, Michael Blend who already received 2 million shares of Demand as part of the compensation for the sale of his former company Hot Keys to Demand, just sold another company to Demand.
“Demand Media’s recent purchase of technology company RSS Graffiti is good news for Michael Blend, who owned 40% of the start-up” which Demand just purchased for $16.4 million, “primarily in cash”.
Michael is not just a shareholder of Demand but its executive vice president for special projects.
I have meet Michael on several occasions and he is a very smart, highly likeable guy.
Congrats to Mike.