Just a few days away from Obama-Tuesday, watch a video from WatchMojo.com on the history of the US Presidential inauguration below:
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WatchMojo NewsletterThey say the best time to start a company is in a downturn, it might very well be true. But I think that if you are going to start a company, start one that does not require any/much outside capital. What ever happened to “through thick and thin”? I thought the purpose of selling a minority piece of the company was not having to kowtow to investors?
Federated Media Publishing (FM) today announced that it has received a $50 million minority investment from Oak Investment Partners, a multi-stage venture capital firm based in Palo Alto, CA. Founded in 2005, FM represents more than 125 conversational media entrepreneurs who run more than 150 of the world’s most respected websites, blogs, and social networking applications. The company became profitable in the third quarter of 2007
Challenging economic times force all of us to focus. At FM, our focus, now more than ever, is on what we do best - create media experiences that are valuable to our publishers, their audiences, and our brand marketing partners.
Given our journalistic heritage, we don’t want to bury the lede: Today FM is restructuring parts of our business, and as a result, we are saying goodbye to a small number of our employees. Also as a result, we are adding several positions in strategic areas where we see growth in the coming year (more on that in a minute).
(…)Change is often difficult, but whenever possible we hope to be the instigators of that change. Armed with extraordinarily talented staff, investors, and partners, we pledge to keep our focus, and get back to the work ahead.
What do I think? Who cares. Read what one of their client thinks.
But since you’re on my blog, I’ll tell you anyway:
- This proves once again that ad networks and ad reps are not the solution for publishers, and in a downturn, you see that they might not even be a solution for investors.
- Specifically regarding Federated Media, I think the notion of moving away from display ads to conversational marketing (whatever that is) is fine given the softness in display that is expected in 2009, but if I were to move into something, I’d pick this instead.
