Monday, January 5th, 2009
1:03 PM on October 29th, 2008
A Business Plan Don't.
From yesterday's New York Times, in an article about the new website, The Daily Beast:
"The cost of the starting The Daily Beast — reports have placed the figure at $18 million, but Ms. Brown says that number is high — has caused tension within IAC/InterActiveCorp, which is financing the site."
Er, no kidding? $18 million (or something near that figure) in start-up costs for a website—even a pretty, shiny one? In this market? Who wrote that business plan?!
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