VC Unicorn Crowdfunds News Operation

Would you donate to a crowdfunding effort by a Silicon Valley Unicorn?

Buzzfeed

BuzzFeed News, a private venture capital backed company valued at over $1.7 Billion, is, according to the Wall Street Journal, planning to ask readers to donate “between $5 and $100” to help support the BuzzFeed news community.

Ad Age says: “BuzzFeed reportedly missed its revenue target last year and has been trying new money-making tactics; a year ago, it embraced programmatic ads, including banner ads, which was a change of heart from a company the VP of which reportedly once said people are “more likely to summit Mount Everest than click on a banner ad.””

Perhaps the smart money needs to pony up a few more bucks to keep the press free.

http://adage.com/article/news/wake-call-buzzfeed-asks-donations-nfl-hires-a-chief-marketer/314737/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , . Bookmark the permalink.

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