When you are planning on starting a business in the gaming industry, there are some things that you need to be aware of. One of the biggest issues that you need to keep in mind is the fact that you will have to deal with the legal aspects of the industry. You also need to make sure that you are doing everything in your power to protect yourself. This includes contacting a good lawyer.
The ad-driven startup Axios launched its first local-news-focused newsletters in a few cities last year. Now it has expanded into eight more markets and will be launching newsletters in nine more by the end of this year. Those new local-news-focused newsletters include a healthcare policy newsletter and one on energy policy.
These newsletters are largely aggregations of local news content. But they do offer a new way for Axios and its gaming partners to reach audiences in a number of cities. And they may be the first step in a plan to help rescue local journalism.
One of Axios’s chief executives, Jim VandeHei, wrote a manifesto for 2022. His vision is to launch daily newsletters in cities across the United States. He plans to reach 100 cities in the next five years.
According to 6AM City’s CEO, Ryan Kellett, the company’s newsletters have generated $5 million in revenue in 2021. They’ve already been in 22 cities and are on track to reach more than a million subscribers by the end of March.
Axios’s first local-news-focused newsletters are geared towards affluent urban consumers. Axios’s reporters focus on the future rather than the past. Several of them have cultivated a blunt interview style. In addition to journalism, the company also has a Smart Brevity Studio that consults with brands on messaging.
Ad revenue diversification
Axios, a new entrant on the crowded newsstand, is bringing a bit of tech to the fray. The company has taken some of the industry’s best content and bundled it into a package that works for advertisers. This month, Axios is announcing a big data initiative that will allow the company to better understand the habits of its customers.
Among other things, Axios is launching a suite of new products designed to improve consumer engagement and drive new revenue. These include the company’s first ever ad products, a new suite of news content and an expansion of its in-house analytics capabilities. In addition to new ad products, the company is expanding its local news vertical. This includes a new content hub for city news and ad-enabled local city content. With a growing team of more than 200 people, it is bringing its local news product to the next level. As of September, Axios is covering 24 cities and has more than a million subscribers. Its most popular market is Washington, D.C., but the company has plans to expand to major markets such as Los Angeles, New York and Boston in the near future. By the end of the year, Axios will be covering 50 cities and will have more than a million subscribers.
Lee suing Conway over breach of contract
David Lee is suing his erstwhile partner Andrew Conway for a multitude of sins. He claims that Conway hasn’t paid him a dime, despite the fact that he owns a majority share of the VC firm he helped found in the first place. Lee hopes that the courts will award him a hefty monetary settlement and the requisite declaratory relief.
Despite Lee’s complaints, Conway has a history of investing in the coolest companies. Aside from his usual suspects, he also has invested in Airbnb, Pinterest, and Snapchat. It’s no secret that he’s a big believer in the VC game. After all, Conway has a lot of money to throw around. His latest investment reportedly comes in the form of a $10 million convertible note. As a result, the VC firm he helped start, Refactor Capital, has grown by leaps and bounds.
Conway is no stranger to litigation. In fact, he was the defendant’s partner on the aforementioned SVAngel venture. Several years ago, Lee took the opportunity to recoup some of his losses in a pre-IPO deal. Since that time, Conway has become a well known investor, staking his bets on everything from gimmicks to big name brands. From his investments in the aforementioned companies to his more serious ventures like his own venture capital fund, Conway is a man with few peers.