http://staging.blog.biakelsey.com/index.php/2007/07/05/backfence-shuts-down/ LOCAL MEDIA WATCH. The Nexus of All Things Local Mon, 01 Jun 2015 22:23:47 +0000 hourly 1 https://wordpress.org/?v=4.2.39 http://staging.blog.biakelsey.com/index.php/2007/07/05/backfence-shuts-down/comment-page-1/#comment-18182 Fri, 06 Jul 2007 12:43:33 +0000 http://blog.kelseygroup.com/index.php/2007/07/05/backfence-shuts-down/#comment-18182 I don’t believe the hyperlocal arena is right for venture money. I’ve been in and around the local online arena since running several Microsoft Sidewalk cities in the ’96-98 timeframe and saw how it’s easy to hemorrhage money. Now owning a hyperlocal site (www.sunvalleyonline.com), I’ve also seen it’s possible to build a profitable business if you keep the burn rate low and build a compelling site and story for your advertisers. We all learn from each others mistakes and I’m convinced this hyperlocal space will ultimately be very, very viable. Keep watching.

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