News Startups & Innovators Panel | Mark Potts, Newspeg | Journalism Interactive

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From curation and aggregation to longform and multimedia, this panel features founders of journalism startups and innovators at news companies describing trends in the never-ending drive to reinvent the news.

Panelists: Rob Malda, chief digital strategies and editor at large, Trove (formerly WaPo Labs); Trina Chiasson, CEO and co-founder, InfoActive; Mark Potts, founder, Newspeg. Moderated by Leslie Walker, visiting professor in digital innovation, University of Maryland Philip Merrill College of Journalism.

Slides are from Mark Potts

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News Startups & Innovators Panel | Mark Potts, Newspeg | Journalism Interactive

  1. 1. Media Startups A Love Story Mark Potts Journalism Interactive Conference April 4, 2014
  2. 2. “Why do you keep doing this?”
  3. 3. Two Things to Know About Media Startups 1. They’re very easy to do 2. They’re very hard to do
  4. 4. Why Media Startups Are Easy • Cheaper than ever to get started • Off-the-shelf technology • Business tools for dummies • Quickbooks, etc. • Collaboration tools • Marketing head start • Social media • Media covering media
  5. 5. Why Media Startups Are Hard • You have to find an audience and get traction • In search of the hockey stick • You have to have a sustainable business model • Advertising usually isn’t enough • You have to make money • PS: Non-profit is a tax-status, not a business model • You have to raise money • Most startups FAIL
  6. 6. • A “pop-up startup” • Startup costs: <$1,000, volunteer labor • Marketing via social media, press • Collaboration with Reynolds Journalism Institute
  7. 7. • “Pinterestfor news” • Saving, sharing news stories • Social news curation • Emphasis on headlines, news brands • Potential for publisher partnerships • Business model: Ads, data, partnerships
  8. 8. Member Profile Page
  9. 9. Pegging a Story NewspegBo okmarklet
  10. 10. Now the Hard Part • Fine-tuning the product • Building the audience • Proving Newspeg can be a business • Finding partners • Raising money
  11. 11. Media Startups A Love Story Mark Potts Journalism Interactive Conference April 4, 2014

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