Free Trend Report Free 2018 Report & eBook

Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book. Our Research Methodology

This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.

Truemors Sold to NowPublic

 - Jul 11, 2008
References: venturebeat
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.