Ning just raised $44 Million. This seems like very good news unless you are a regular reader and commentor or Techcrunch and Gigaom. Since I am an uneducated individual when it comes to such things as valuations and bubbles, I am excited about it because I would think that now they can stay in business longer, hire more people, buy more companies and keep rolling out new features. Of course, what do I know. Anyways, all of the people talking about how foolish it all is will not stop me from trying to take (which is powered by Ning) from 300 members to 3000 members and maybe even more.

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