venture capital funding Archives — LIRNEasia

We’re all journalists now

Posted on August 2, 2007  /  1 Comments

NowPublic, the participatory citizen-journalist website that began life in a garage in Vancouver, Canada, has announced it has secured US$10.6 million in venture capital funding.   The website allows anyone – from amateurs to professionals – to post news stories and upload images, videos, and audio files. The company, that claims to be the world’s fastest-growing news organisation, says 120,000 people from over 140 countries have contributed to the site since its launch in 2005. The website relies for its content on “crowdsourcing” – that it describes as being similar to outsourcing, but with unpaid or low-paid amateurs.