I listened to the Stack Overflow (hmmm, Stack Exchange podcast) and was a tad confused about the whole VC shenanigans.
What I seemed to understand is this:
- Stack Exchange remains a separate entity to Stack Overflow, which is funded and owned by Fogcreek and is not raising money. It's Joel's other baby project.
- Stack Overflow LLC (the guys that brought you Super User, Server Fault, Stack Overflow) are the ones asking for the money.
- Stack Overflow need the money for something top-secret that is not related to Stack Exchange that may take up to a year to develop.
- Stack Overflow is pretty profitable anyway.
Am I misunderstanding the message somehow?