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@sarahlacy thanks! and it is also about finding capitalists having the courage and vision to back a media startup....super hard.. THANKS for the encouragement and watch us: www.qipost.com
2 years, 2 months ago on NSFW Corp. Raises Mid-Six Figure Seed Deal (Our Incredibly Biased Report)
I am so glad that you can do that, congrats! I am working on a similar objective out in Asia, where media is sometimes restricted if not censored. Just want to let you know how lucky you are, as your main concern would be to raise the fund to support the development. We also have to fight the argument of convincing people that media is opening up, and stories from Asia actually has global appeal in markets that don't censor. Writers should be able to write their heart and soul, I LOVE THAT.
@bradfordcross You are spot on! As the old media houses are losing their zest, the human talents trapped in the business must find a way to liberate themselves by re-defining the editorial function that can take advantage of algorithms and robots, to create the 2.0 experience for consumers.
2 years, 2 months ago on Finding News Is One Thing, Understanding It Is Another — Prismatic Does Both, and Fast
I particularly agree that a full automation would not deliver the desired results expected of a real newsroom. Judgement still plays a key role and often an editor's good judgement makes an irrelevant story relevant.
Thanks, Paul! I think you have nailed the point. I talked to multiple venture capitalists on a proper and fair compensation model for writers, I have had little luck convincing them how frustrated good writers are in the internet age as many capitalists cannot distinguish UGCs with quality journalism. Media cannot be easily explained to some. At least I know there is a pain point, which means there is an opportunity for new media entrepreneurs to fill the gap.
2 years, 3 months ago on Let Us Now Appraise Scripped’s Exploitation of Desperate Writers
it is not surprising that there will be even more tightening of controls of online activities especially this year, as the Party prepares for a smooth changeover of the top leadership personnel.
2 years, 3 months ago on New Rules for China’s Internet Make Facebook Entry Even More Unlikely
@werg there are many more inspiring figures for people to look up to....such as Tencent. they also have a thriving capital market for start-up - CHINEXT. The ecosystem is so much more mature for the start-up scene there.
2 years, 3 months ago on Initial Thoughts on Hong Kong’s Tech Ecosystem
@JuergenHoebarth Totally agree with you. Just want to respond to your 'why would anyone' question. The reason why I would gamble rather than taking less risk for nearly predictable returns is because I think disrupting an industry and shattering status quo are more interesting and fulfilling than making money alone. I am not gambling my life away, I lead a comfortable decent life and as long as I can maintain a certain standard, I think it is worth gambling to make a REAL change than to be fixated on the mono-goal of making more money. Though I wouldn't agree that it is always the case and it almost sounds too idealistic, but true entrepreneurs, esp ones in tech-startups, or art / design / culture businesses, often see money as a by-product rather than the end-goal.
@JuergenHoebarth Yes, ease of doing business in HK is unparalleled. Only if it can be coupled with creativity and risk-taking spirit, HK can possibly be a pretty vibrant breeding ground for game-changing start-ups.
A great piece! Having founded 2 start-ups in Hong Kong, I found the lack of risk appetite is the most frustrating. This is across all echelons of the start-up value chaing/ecosystem, from investors, to founders, to staff and business partners. One would think HK people being so relatively 'wealthy' to the rest of the world should have the natural advantage to be more adventurous, unfortunately, this is not the case yet.