Hunger for Gossip Sites - Truemors Sold to NowPublic

Successful venture capitalist Guy Kawasaki launched Truemors, a site that explores media rumors, about a year ago for $12,107.09, and it’s now been bought by NowPublic, the world’s largest user-generated news site, who hired Kawasaki to continue on the board. 

Kawasaki’s business model was like many others: throw it up against a wall and see if it sticks. Venture Beat commented at the launch that it was a site smothered in spam. Eventually the site was cleaned up and traffic grew from zero to 50,000 people a month. There was no public announcement of Kawasaki selling the site, and no price was given, but NowPublic is the new owner and Kawasaki still plays a key role.

Guy Kawasaki - Venture Capitalist, Author and Blogger (INTERVIEW)

Guy Kawasaki is a marketing legend, a venture capitalist, a renowned speaker, author of eight books, a famous blogger, and one of the original marketers of the Apple Macintosh.  He is currently a managing… [More]