(This was published in Mint, 19th November 2018, albeit in an abbreviated form due to space constraints. This is the complete piece.)
The latest and hottest startup sector is presently invisible to ‘People Like Us’ living in metros. Over the past year, several young founders boasting impeccable academic credentials and work experience have been moving to small town India, launching hyperlocal news apps, viz., LocalPlay, Lokal, Awaaz, Circle etc. These …
Recently on Quora, I posted an answer to the question “What is the revenue model of apps like News In Shorts?”
I am posting my answer for readers of this blog.
I dont think News In Shorts (NiS) has a revenue model in mind. In fact I am not sure they will ever arrive at a B2C rev model. There is possibly a B2B model – they could …
Sometime in mid 2011, Nick D’Aloisio became the youngest person ever to raise venture capital (!), when his news summarizing startup Trimit attracted the attention of Horizons Ventures, Hong Kong billionaire Li Ka-shing’s investment vehicle.
Rebranded as Summly, and having attracted $1.5m through more celebrity investors such as Stephen Fry, Yoko Ono, Ashton Kucher, not to mention tech stars such as Brian Chesky of Airbnb, Marc Pincus of …