on April 18, 2015 in World News
Why venture capitalists are suddenly investing in news
Why venture capitalists are suddenly investing in news Something curious is happening in the American news business. Media organizations are hiring again. Promising young reporters are leaving stalwart publications for new newsrooms. And venture capitalists are pouring millions into nimble publishing startups. It’s a rare moment of optimism for an industry accustomed to doom and gloom. “When we started, investors did not want to invest in anything that involved journalists or reporters or other professional people creating content,” said Jonah Peretti, the chief executive of BuzzFeed, which launched in 2006. “Everyone just said, ‘You can’t get venture capital if you’re… View Article
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