Wednesday, July 29, 2009

payattention.com readers can now crowdfund journalists...

payattention.com may have discovered the paradigm shift of new business models. On the one hand a 10 cents donation for reading an article you like, paid directly to the writer could create an upswing in the value of newspaper groups, just as the final nail in the coffin of newsprint was predicted by many...
Its by invitation only...but it looks like a winner to us. This could save the newspaper industry. Rupert Murdoch should call these guys and say how much do you need? I'll give you venture capital...Just when you thought newspapers were dead in the water some genius reinvents the business model and overnight journalists will be funded by readers of articles who love their content. Hats off to you guys for inventing this crowdfunded business model. Quite brilliant. I repeat quite brilliant. This year crowd sourcing and crowd funding are reinventing the web, one crowd at a time...it has been a great week to be in this business, it is going to explode with new business models...amazing stuff...
payattention.com
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