18. You don t really need that much money
Site
Startup
Tech
at
Phase
2
Phase
2
Exit/
Capital
launch
tech
financing
Uniques
Blogher
>$10k
Movable
Type
Drupal
NBCi,
Venrock
Eventual
$5M
Acquisition
18M
uniques
Television
>$10k
BBforum,
Plone
MT,
Prospero
Bootstrap,
Acquired
by
Without
Pity
Advertisers
Bravo
for
$1M
1M
uniques
TechCrunch
>10k
Wordpress
WPMU
Bootstrap,
ads,
Acquired
by
AOL
conferences
for
$25M
1.8M
uniques
19. We
wam but
I
still
don t
realize
I
have
a
I in,
so stupid
I Still don’t startup
Realize I have
A startup
So I go and Start
Another one
26. My mommy has a startup
and it’s really cool and she
came out to Colorado
and we got to ride on a plane
and I’ve never been on a
plane before I live in
Massachusetts but we don’t
have any mountains Do you
live here? Do you like it here?
45. Independent
local
news
sites
drama6cally
outnumber
both
tradi6onal
dailies
and
VC/
founda6on
backed
news
startups
such
as
Patch
or
Bay
Ci6zen
4100
1422
800
46. But
only
4%
of
independent
local
news
&
community
sites
have
a
rate
card
164
1422
800
47. When
we
began
looking
in
2007
1
in
8
Americans
lived
in
a
city
or
town
with
a
placeblog
50. Funding
Risk
Growth
Venture
funded
High
Fast
Growth
-‐>
Flip
or
Die
Business
Loans
Moderate
Moderate
Growth
Grants
High
Variable,
but
limited
exit
Bootstrap
Mid
Very
Slow
Growth
51. You
don’t
need
to
do
it
forever
Succession
planning
Pets