JayFarrar said:
Also, why would anyone quit their job to go to an online startup? They all seemed to have crashed and burned, even those owned by ginormous legacy media companies.
One of many, many reasons that, as bad as the newspaper industry has gotten, I'm thankful I still have a job at one. Has any media company ever actually MADE money off the internet? Even the ones who went that direction from the start?
It seems like every internet media company's business model is to follow the HuffPost example/Ponzi scheme: Play off of writer's egos and delusions of gaining "exposure" in exchange for little or no pay, all the while making promises of a steady paycheck down the road; get a few A-listers who are actually paid (and who may or may not have been laid off from newspapers) to gain some credibility; then, at the first hint of turning a profit, sell to someone bigger.
The people who founded the site make gobs of money. Everyone under them is screwed -- after being screwed over -- and usually ends up out of work within six months of the sale as the bigger company realizes the profit it invested upon was all smoke and mirrors and pulls the plug.
And that's with the "successful" ventures. Hundreds of others probably go tits up within a year, or have starts and stops as money comes and goes.
Unless I get to the point where there's no other choice, I have absolutely no desire to stake my future and my family's well-being to that circus.