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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.
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Hunger for Gossip Sites
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Truemors Sold to NowPublic
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Guy Kawasaki - Venture Capitalist, Author and Blogger (INTERVIEW)
FOUR WAYS TO REACT: vote, favorite, add more examples of Hunger for Gossip Sites or comment about Truemors Sold to NowPublic.
  Favorited by Going Like Sixty on Jul 11, 08 |
| Happy Hotelier on Jul 12, 08 56 Trends 335 Comments |
60. I picked it up from Twitter....never thought it would be a trend. Good catch. Never too old to learn:-) |
Happy Hotelier on Jul 12, 08 56 Trends 335 Comments
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