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Journalists should invest in journalism startups, particularly now

businessside.co

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Re: Journalists should invest in journalism startups, particularly now

#61
post #52

Earlier quoted context omitted.

The Intercept was bankrolled by a billionaire who committed $250 million to his journalism efforts while it got off the ground... https://pressthink.org/2013/10/why-pierre-omidyar-decided-to...

Is that what it really costs to forge a new, worthwhile publication?

Who knows -- but that's what it really cost to forge the new, worthwhile publication you used as an example..

Re: Journalists should invest in journalism startups, particularly now

#62
it was cheap ads by Google and Facebook; untaxed across the world, that removed the traditional revenue from classified ads that historically paid for journalism. Now it's just rich people with vested interests paying for it, with the last frontier of actual journalism "open source intelligence", or telling people what's going on without injecting you're opinion or propaganda into it.

Re: Journalists should invest in journalism startups, particularly now

#63
post #25

Earlier quoted context omitted.

The place I was at paid a lot more than $0 per share. Is zero share value common for ESOPs?

What I mean is that a lot of traditional journalistic outfits have been teetering toward bankruptcy in recent years/decades. While there are successes, the total size of the industry has been declining.

this was a direct consequence of Google and Facebook's predatory pricing. How is a hack on the bread line supposed to take on the Goliaths of Silicon Valley?

Re: Journalists should invest in journalism startups, particularly now

#64

Earlier quoted context omitted.

What I mean is that a lot of traditional journalistic outfits have been teetering toward bankruptcy in recent years/decades. While there are successes, the total size of the industry has been declining.

this was a direct consequence of Google and Facebook's predatory pricing. How is a hack on the bread line supposed to take on the Goliaths of Silicon Valley?

Are we talking ad pricing? Or some other pricing? How is it predatory?

Re: Journalists should invest in journalism startups, particularly now

#65

Earlier quoted context omitted.

Because if you don't invest in something then you will never be rich. If you do then there is a chance you might become rich.

All things considered, excluding pump’n’dump schemes, you’d probably have a better shot winning the lottery than backing the Next Big ThingTM.

Yeah, I mean you aren't wrong. But I think that's people's mindset and some feel they need to at least try if they can.
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