Updated: The Daily Caller, the Huffington Post-style political news site being set up by right wing pundit Tucker Carlson and former Dick Cheney aide Neil Patel, has raised $3 million in seed funding. Carlson tells us seed funds come from conservative businessman Foster Friess. He adds that the site—which was initially set to launch over the summer—is now set to go live later this month. One reason for the delay is that it’s hiring a staff of journalists, who will contribute original reporting—something Carlson adds is “expensive.” The Daily Caller describes itself on its Facebook page as being a “comprehensive news site, providing original reporting, constantly updated links to the latest news, analysis of current events, satire, research on current policy issues, columns from thought leaders, and Congressional Member reviews.”