Six Apart bought LiveJournal. It’s official now.

Six Apart got a little investment money a while ago, and they’ve been burning through it like gangbusters. In less than two years they’ve grown from 5 employees in one office to 70 employees in three international offices.

Color me cautious, but this sounds like a tale we’ve heard many times before in the golden era of the dot-com boom. If they can sustain their growth without having to rely on more outside investment, then good for them. But spending all that cash so early in the company’s life sure seems risky.