by Mike Masnick
Mon, Feb 16th 2009 6:45pm
Last week, in yet another post about old school journalists complaining about the supposed "death" of journalism, someone complained in the comments, saying that the "utter lack of interest" from venture capitalists concerning journalism startups should disprove that there are others out there who can build such a business. That seems like a ridiculous criteria (venture capital interest is hardly a barometer of what works and what doesn't). But, even if we assume that you need to see VC interest, well, then that commenter is wrong also. Someone anonymous pointed us to the recent launch of Patch, a company that is hiring full-time journalists and building hyperlocal community sites and is funded by Polar Capital. And that's hardly the only one. In the last month alone I've had conversations with three different VCs looking at journalism startups and exploring whether their models made sense. Once again, we're seeing that if there's demand for a product (journalism), there will be businesses that will figure out ways to supply it. Not all will succeed. In fact, many will fail. But from that we'll certainly come up with models that work.
If you liked this post, you may also be interested in...
- Why Is The Hotel Industry More Focused On Harming Airbnb Than Improving Their Own Product?
- Hypocritical CIA Director Goes On Rant About Wikileaks, Free Speech
- NASA Tells MuckRock FOIA Requesters They'll Have To Start Providing Their Home Addresses
- Court Fines Patch Editor $300 Per Day For Not Revealing Sources
- AOL Threatens Blogger With Copyright Infringement Charge... For Doing The Exact Same Thing AOL Has Done On A Large Scale