Is not exactly a surprise, because non-profitable operations always burn through their VC money sooner or later. It’s almost always more effective to start an operation that is profitable from the start. Readers with long memories will recall that I never had any interest in what was obviously a ludicrous business proposition:
A few people have asked me about my opinion on what I think is now called Open Source Media, and wondered why I’m not involved or if I’m bitter about not being involved. My position can be summed up thusly:
1. Heard about it.
2. Didn’t sign up for it.
3. Don’t care about it.
4. Expect it to crash and burn.
– Vox Popoli, Nov 20, 2005
[W]e have decided to wind down the Pajamas Media Blogger and advertising network effective March 31, 2009. The PJM portal and the XPressBlogs will continue as is. Since our ad relationship continues for the time being, you should note that in order to be paid for the 1st quarter of 2009, you must leave the current Pajamas ads up until 12:01AM April 1. We will be sending you information in mid-March on removing the ads. As of April 1, 2009, you will be free to arrange syndication or re-sale deals.
– Protein Wisdom, Jan 31, 2009
And as far as I’m concerned, good riddance to them. Dennis the Peasant was right.