In case anyone out there wants to invest five million dollars in Captain's Quarters, we'd certainly be open to negotiations:

A group led by venture capital firm Softbank is investing $5 million in the Huffington Post, an online news site and political blog owned by the pundit Arianna Huffington, The Post has learned.

The investment comes a little over a year after the launch of the Huffington Post - which then was billed as a celebrity-filled blog but has since evolved in to its own news brand.

An announcement of the investment could come as soon as today.

In addition to Softbank, venture capitalist Alan Patricof is also investing in the site, as well as some of the initial investors. Huffington and former Time Warner executive Ken Lerer founded the site.

CQ's third anniversary is rapidly approaching, and while we don't do quite the traffic at HuffPost, we don't do too badly. We're back up in the Technorati Top 100 and solidly in the TTLB top ten political blogs. I don't have a stable of celebrities writing posts for free here at CQ, but then again, I don't have to worry about contributors posting doctored pictures of American politicians in blackface, either.

Anyone wishing to invest millions of dollars in our venture should have their people call mine. We can do lunch, baby. Ciao for now ...

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