Every small company has challenges and one of those challenges is always money. Just as I have big dreams and ideas of where I would like to take Geek News Central it is limited by the amount of money I have to invest in the site. I have started the process of looking at hiring some advisors and possibly if my cash holds out having some consultation meetings with people I think can help us.
My curiosity is always peaked when I read stories about what VC’s are looking for. I know from our refereal logs that several VC Firms read our site on a regular basis, but you need a revenue model to draw financial interest. Quite honestly most blogs do not have a revenue model. All I can hope for now is that they read our articles and my opinon points to find information on new technolgies that they can invest in.
Like many Blogs we have tinkered with ways to raise money and may be introducing a premium service in the future, but we have to work out the content details along with working out the details of who we are going to target that premium content to.
Most of the companies getting VC attention are companies that are either responsible for the software that those of use to blog. The tools we aggreate data with aka Newz Crawler, NewsGator etc. Plus the companies that analyze the information we put out. But the individuals down in the trenches producing 100’s of thousands of Blogs are basically helping other people’s dreams come true.
For now I am happy if I get a few donations to help us with bandwidth cost. Never planned to get rich but it’s the American Dream. For some real insight to what a VC is looking for read his article great information and should give you a better understanding of what the thought process is. [Feld Thoughts]