Lefty blog Talking Points Memo raises a cool mil in venture capital

The financing is the first part of a three-year plan to increase the site’s staff to 60 employees, Joshua Micah Marshall, the site’s founder, said in an interview at his offices on West 20th Street in New York.

He would not identify his investors, who he said were angel investors, not venture capitalists. One name that has been made public is that of Marc Andreessen, who is investing personally, not on behalf of his new venture capital fund.

“We could have gotten a higher dollar amount — I didn’t think we needed it — but it would have come with strings attached,” Mr. Marshall said. “It would not have been best for the site.”