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Buzzfeed is one model [of self-sustaining Internet content]. Others include Vice, Business Insider, Vox, Re/code, Gawker. ~Chris Dixon

cdixon
9/ Buzzfeed is one such model. There are others such as Vice, Business Insider, Vox, Re/code, Gawker, etc.
7:39 PM Dec 14 2014

Stashed in: @cdixon, Monetization, BuzzFeed!, @a16z, Content, Monetization, Vice

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Chris Dixon on a16z's Buzzfeed investment: http://cdixon.org/2014/08/10/buzzfeed/

His tweetstorm:

1/ When a16z invested in Buzzfeed, I mentioned that Buzzfeed was “consistently profitable” http://cdixon.org/2014/08/10/buzzfeed

2/ Recently, a USA Today column falsely claimed that BuzzFeed is unprofitable.

3/ I’d like to clarify what I meant by Buzzfeed being "profitable."

4/ Buzzfeed has more cash in bank + near-term receivables than they have ever raised from investors since the company was founded.

5/ They paid millions of dollars in taxes this year to the government based on their profits.

6/ They raised VC money to invest in expansion, not to support existing operations.

7/ Hopefully this clarifies what I meant by "profitable."

8/ I believe we need models for internet journalism that are self-sustaining and don’t depend on the good

9/ Buzzfeed is one such model. There are others such as Vice, Business Insider, Vox, Re/code, Gawker, etc.

10/ It's an exciting time. Media entrepreneurs are running lots of creative experiments and many of them are working.

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