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The New West FAQ for Online Community Journalism Entrepreneurs | Jonathan Weber | NewWest.Net
Although over 2 years old, Jonathan Weber's "FAQ" for starting an online publication focused on local news is still useful and highly informative. Weber covers raising money, staffing, competition, revenue streams/ business models, etc.
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Did you raise money from investors? How did you go about that?
Yes, we raised a high-six-figure sum from a group of angel investors. There are some friends and family in the deal, and there are also professional investors who did it as a personal angel investment. The success of the fundraising was very much dependent on my track record and reputation as editor in chief of the Industry Standard, and required relentless networking and cajoling over a period of almost a year. -
What is the revenue model for New West? Advertising?
Online advertising is the core of the model, yes. However we also have several other revenue lines, including a small indoor advertising business, a custom-publishing business, and a conference & events business. Multiple revenue streams are a lovely thing. It remains difficult to make money on online advertising alone unless and until you have boatloads of traffic, and it is especially difficult to achieve that with a local site. - 5 more annotations...
Scribd Invites Writers to Upload Work and Name Their Price - NYTimes.com
I've used Scribd for a while now - great service. This NYTimes article describes how it's moving into becoming a platform for e-publishing with a business model for authors/ publishers. Also meant as a diversification / challenge to Amazon's Kindle, and to Google.
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