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This is fairly big news in the SEO world. I first read it yesterday from Andy Beal's Gooruze blog post.

SEOmoz (an SEO) firm has accepted 1.25M in funding. The Founder wrote a fairly personal and emotional blog post about it here. I must admit I only skimmed through his blog post and am not sure why he feels emotional about it, maybe he feels as though he is not sharing the wealth? Maybe he feels as though he was deceiving people close to him while private discussions were going on? I am not sure, you will have to read it for yourself.

Now TechCrunch has also picked it up here.
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Re: SEO firm takes $1.25M in funding

andybeal
5.00 (Excellent) Vote: WOW! WOW! WOW! WOW! WOW!

September 2007

I think Rand was concerned that his community would feel he sold out and that the site would change.
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Re: SEO firm takes $1.25M in funding

ClayCook
Vote:

September 2007

ok that makes sense.
i would suspect it gives them more resources to do exactly the opposite... hopefully it allows them to give more focus to what they love doing.
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