Grants can be a treadmill and a trap

The help is welcome, but the donor can pull the plug at any time A common stuggle for digital news startups is that they depend on grants to fund operations or to fund special projects chosen by the donor organization. So they suffer the uncertainty of whether they can pay their staff and continue providing […]

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Lo que los emprendedores deben entender sobre el riesgo

El éxito es realmente la excepción, pero existen estrategias para hacerlo más probable Acabo de leer un libro esclarecedor de Daniel Kahneman, un economista ganador del premio Nobel: Thinking, Fast and Slow (Pensar rápido, pensar despacio). El libro está lleno de rigurosos estudios económicos y psicológicos sobre cómo nuestra razón e instintos nos engañan, especialmente […]

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What we should tell entrepreneurs about risk

Success is really the exception, but there are strategies to make it more likely Recently I read an enlightening book by Daniel Kahneman, a Nobel-prize-winning economist–Thinking, Fast and Slow. The book is filled with rigorous economic and psychological studies of how our instincts and reason mislead us, especially when we are dealing with statistics. His […]

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‘Friends’ support investigative news site through 8 years of losses

Spain’s infoLibre increases subscribers, staff, audience during Covid crisis The name of one of Spain’s notable survival stories in public-service journalism–infoLibre–contains the essence of its guiding principle. It literally means “free information”–that is, free of undue influence from political and business interests. In his annual public letter, Jesús Maraña, editorial director, attributed the publication’s financial […]

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Podcast: What are the biggest mistakes of media startups?

As part of my recent work with DW Akademie, I was interviewed for a podcast that is part of the training and tools they offer to media startups. What follows is a summary of the key points of the podcast: Who are our clients, what do they need? The biggest mistake that media startups make […]

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Manage your operation with the language of numbers

IJNet has recently launched its Media Entrepreneurship Toolkit to help journalists make their own projects financially sustainable. My contribution was an introduction to some of the basics of accounting and budgeting. Some of the key points to keep in mind: There are some free online budgeting and accounting software packages that can organize your financial […]

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If you don’t have money, use social capital

Image from MCMcapital.com Digital media entrepreneurs often lack the financial capital and business savvy to launch and sustain a high-quality news operation. They could improve their reach, impact, and sustainability if they knew how to harness social capital in the form of partnerships with universities, broadcasters, foundations, for-profits, and nonprofit organizations. Most digital media startups […]

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