100 years ago, nobody could imagine a job like computer programmer. Jobs will disappear, but new jobs will be created.
Without advertising, the world would be filled with large companies with no incentive to innovate because it would be impossible to discover their competitors.
[0] https://en.wikipedia.org/wiki/Employee_Stock_Ownership_Plan
- Contentville. Whatever happened to that?
- Brill's Content? Started by the heir to a streetcar manufacturing company.
- Vice Media is in bankruptcy and about to be sold.
- Gawker - crushed by Peter Thiel.
Any big successes?
- Aging Media (sold yesterday to PE) - Morning Brew (sold for $75M) - Blockworks bootstrapped and just raised first round at $135M valuation with $25M revenue - Skift is a profitable media venture - Industry Dive (sold for $530M) - Politico (sold for $1B)
You also have established companies like Informa.
This week we launched Ignition, a media company covering the business and policy of nuclear energy. We are starting with a twice-weekly free newsletter that takes less than 5 minutes to read.
The first edition goes out on February 22nd.
Me + my cofounder started Payload last year to cover the space industry, from seed round to SPAC and beyond. Our first (and primary) product is a daily newsletter covering the business and policy of space. It's free and it takes ~5min to read.