Sign up to receive 5 free days of our daily summary for tech news.

News is Not a Venture-Backed Business

Another week, another news site raising venture capital. Make that two. Politico co-founder Jim VandeHei’s new business and politics venture raised a $10 million series A from Lerer Hippeau Ventures and NBC. Cheddar, a video news network, raised $10 million more from Lightspeed Venture Partners, Ribbit Capital and Comcast. Recently, Josh Topolsky, who helped launch The Verge, raised $5 million from RRE and a handful of other firms for a publication called The Outline.

You could read these announcements as a sign that VCs are bullish about the news business. I see them as a sign that the news industry is still very much on the wrong track.

No subscription? You're missing out.

Join the high-powered community of tech and business leaders who rely on The Information's original news and in-depth reporting.

But if news entrepreneurs looked more broadly at the different avenues—back to their predecessors and at other peers—they’d feel differently. They’d build better businesses that focused on what they were truly good at. And we’d finally be talking about a major news startup that we know is going to be around a decade from now.

22 total comments
Ravi Iyer, Michael Zeisser and 9 others commented on this article.
Read comments from top tech and industry leaders
Joe Lonsdale
Joe Lonsdale
Founding Partner, Eight
Chamath Palihapitiya
Chamath Palihapitiya
Founder & Managing Partner, SocialCapital
Tina Sharkey
Tina Sharkey
CEO, Brandless
Jonah Peretti
Jonah Peretti
CEO, Buzzfeed
Adam D'Angelo
Adam D'Angelo
CEO, Quora
Brit Morin
Brit Morin
Founder & CEO, Brit + CO
Dustin Moskovitz
Dustin Moskovitz
Co-Founder, Asana
Christina Miller
Christina Miller
President & General Manager, Turner
Max Levchin
Max Levchin
CEO, Affirm
Adam Mosseri
Adam Mosseri
Director of Product, Facebook
Alex Mather
Alex Mather
The Athletic
Martha Josephson
Martha Josephson
Partner, Egon Zehnder
James Murdoch
James Murdoch
Co-Chief Operating Officer, 21st Century Fox
Andrew Kortina
Andrew Kortina
Founder, Venmo
Ben Chestnut
Ben Chestnut
Co-Founder & CEO, Mailchimp
Ruchi Sanghvi
Ruchi Sanghvi
VP Operations, Dropbox
Login or Subscribe to follow the discussions happening here and real-time in our   Slack Community.
Instead of sticking to one model and winning at it, today’s news startups jump into two or three off the bat, ranging from sponsored content to subscriptions and events.