Fred Wilson gets about 2mm page views a year (30K uniques a month according to his FM blurb) and makes about $30K a year off of web and feed advertising (see comments).
In 2006 Guy Kawasaki got about 2.4mm page views (90K uniques a month according to his FM blurb) and made $3,350.
Fred’s posted CPM for 120 x 600 is $30 and Guy’s is $20. They presumably target more or less the same readers.