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.
Hunger for Gossip Sites
More Stats +/-
Domed Maximalist Watches
Printer-Integrated Security Cameras
Tennis-Inspired Sportswear Lines
Virtual Reality Furniture Showrooms
Cryptocurrency Concierge Services
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
- By: Going Like SixtyJul 11, 2008