Tuesday, August 07, 2007

NowPublic stays Independent

Hat's off to Len Brody and Mike Tippett, founders of NowPublic.com for raising over $10m in new financing from Rho Ventures, a NY based VC outfit, and, more important, fending off potential "media company" suitors.
NowPublic, the largest "participatory journalism" organization on the planet, has an agreement with AP and other newsgathering orgs to provide "crowdsourced" content and news. My hope is that many of the Media beat reporters in the business media (NYT, WSJ, BW, etc.) that have heard my pitch about this Canadian-based pioneer will now start to pay attention.

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