“I can Has Cheezburger” loses millions : Jann Scott’s Journal
Dec 20th
They fired most of their staff. Their CEO Ben Huh said that ” we were turning into a money losing mess “and I didn’t know what I was doing. Holy shit! This investment darling of 2011 which raised over 30 Million is now completely on the skids. They even raised $5,000,000. from Foundry Group; Boulders wonder boy startup venture capital firm run by Rockn rollers … ah tech stars.
In a confession on Back Channel Huh said:
“In a nutshell, we didn’t know what we were doing. We had been profitable for years, selling ads, t-shirts, books and even a reality show on Bravo. But having investment money in the bank was new for us. More important, so was the process of transforming ourselves from a team that built and acquired WordPress sites to a company that produced a full-on content platform. We tripled our headcount.
After cashing out our original investors, however, our $30 million had dwindled to just $4 million. That figure is small by venture capital standards, but for a company that was used to duct tape and folding chairs, we felt like we were swimming in cash. We were turning into a confused, money-losing mess.”
What is this company ? What do they produce ? What is their financial model ? Believe it or not it is a kitty Kat humor website company who depends on fucking banner ads and T shirt sales to make it. It was a losing idea from the beginning. Memes. really. The entire startup world is caught up in this kind of bullshit and most of them go broke. The only people making money are the founder hustlers and the early stage VCs like Foundry. It is almost like these people plan to fail.
I hate to toot my own horn but I sure as hell know how to turn 30 million dollars into a profitable company and not blow it on dumb shit. Take a company like mine: Channel One Networks llc. We have evolved from cable television programming in the 90s to web based TV and news in the 2000s. We built slowly and surely turning a profit every year while expanding steadily. Now we have a grown to 6,000 TV channels and newspapers with local content and local advertising in every city in the world. We are not a flash in the pan and we don’t make Giant company ending mistakes. We compete with Google, Twitter, Facebook, Yahoo and Microsoft. We build and sell our own products . We are not re sellers of somebody elses.. And we know what is King. Advertising and service sales are kings not content. Yes we are changing the way TV and news is delivered locally and we are changing the world.
One of the problems with the entire start-up millennium movement is that they are not business people. Most of them go broke. Most of them have little business or sales training. They do not know how to service customers or produce results for them. They are so caught up with making the scene that their zine meme thing crashes and they wonder .. oh gee what happened. business happened.
I wish some of these incubators and business schools would teach business instead of entrepreneurship. Not everybody can be an entrepreneur. There is great value in being a good solid worker.
From the Real World Home Town
Jann Scott
Boulder, Colorado
Jann Scott’s Journal gives a critical look at the world through the wise eyes of Boulders #1 multiculturalist
Jann Scott’s Journal: North Korea and China vs USSTRATCOM Joint Electronic Warfare Center’s .
Dec 20th
Then there was Edward Snowdon who, while working for the NSA, leaked everything. He then took all the files to all of our adversaries including China, North Korea and Russia. He now lives in Russia and is a pawn in their game against the USA. He too is popular among Millenniums. He is considered a traitor, but the USA has treated him with kid gloves. Yet, he is considered the most damaging hacker to national security. I mean , this guy is the cause of our current cyber war with China and North Korea. How he ever became an American anti-hero is mind boggling.
Next, China led cyber military actions against the USA, and were caught caught red-handed so to speak. They were reprimanded by the USA. China has been notorious in it’s attacks. Since America has business relations with china we let it all pass even though China broke into american companies and military installations. What they did was an act of war. Cyberwar.. but war nonetheless.
In this latest attack by North Korea, government officials are telling the NY Times that China led the whole thing. China trained the North Koreans, educated them and set up their Cyber warfare department. North Korea is essentially the bad boy puppet state of China.
So now what ????
Now that cyber hacking warfare is out of the box, where will it all end???? No place good for the future. It could lead to Electronic Warfare or EW involving the use of the electromagnetic spectrum (EMS) or directed energy (DE) But North Korea is still on paper. They don’t have any computers or internet. They use paper file folders. Up until now no nation has launched a cyber attack with devastating consequence. We could do it. We could put bursts out over North Korea and shut down all of their power facilities and destroy all of their electrical power stations. We could do worse to china.
If we start whipping EMS attacks around there will be hell to pay…. But it could be coming. The United States has USSTRATCOM :Joint Electronic Warfare Center which is rearing to go. Nobody is talking about this, but we have sophisticated weapons that can knock the crap out of any country on Earth. So do they.
What a mess
from the Dope hacking capital of America
Jann Scott
Bouldern Colorado
Jann Scott’s Journal is the Voice of boulder , the mouth piece of the city under the Flat Irons
Gordon and Grace Gamm play into Hands of Evil Empire : Jann Scotts Journal
Dec 13th
Oh No…. Gamms Fund the Dairy
Every Time somebody donates money to the Dairy Center for Performing Arts it pisses me off to no end. Why ? Well, it is not because I am anti arts… on the contrary.. I am an artist; writer,Actor, photographer, designer, and film maker…. so I am not against the arts. Oh really.., well then Jann what is it ? Pray tell.
OK here goes again for the umteenth time incase you just moved to Boulder.
When the Dairy Center was first built and opened in the mid 90’s there was a component that was Key. It was the addition of the South East wing of the Building which cost $300,000 of my money. My Comcast dollars. Comcast Built an entire TV studio called studio 54. Then Comcast kicked in another $450,000 of my Comcast money to finance the operation of a local Public access TV Channel for an entire year. Every year Comcast gave you $300,000 to operate this local access channel for one year on into infinity.
It was state of the Art and won awards and honorable mentions all across the country… Then something horrible happened. The board of public access changed. They had no idea what they were doing. The censorship started. First all of the art was censored, then all of the programming and performance was censored. Then the city got involved and censored even more.
Before it was over the city shut the channel down and cut a deal with Crocs who opened the Boedecker Theater which the Dairy Center has total control over… So the people involved in ruining public access TV in Boulder are Richard Polk and Sue Deans dairy power couple old farts. Macon Cowles and his wife who are a couple of Commie fascist who need to control everything. The sister broads , Robin Beeck, who now run BIFF but once controlled the channel. In the end they stole Channel 54s premier event and turned it into their private money maker. The guys who started Digital Arts also led the board for years , but made such a mess of it , they opened their own shop.. Bruce Borowsky. The city then hired a guy from California named Tony Perri to run things..He imploded after a series of missteps and moved back to the beach to make surfing dog videos. Then Alan Ohashi took over and he lost his ass and the whole thing shut down… where it remains to this day. Dark as night. Channel 54 as black as a Nazi SS Uniform... a city staffer recently told me “they never want to go through that again nor have the council involved even remotely with public access. ” Crystal Gray, former Mayor told me ” the council who interfered had absolutely no concept of what public access tv was… they were the wrong people at the wrong time”
Public access channel 54 shut down by corrupt city officials and their goons. So when suckers like Gordon and Grace Gamm step up and drop a cool million on this scandalous Dairy Center for performing arts, I just want to pass out… They are adding to the right winged agenda of the corrupt cabal who suppress freedom of Speech in Boulder. The Dairy shut down true video and digital art in Boulder.
Yep,they tried to shut me up…. but Comcast hired me immediately to broadcast on their state wide Local origination channel. Then the School district put my shows on their channel BV-22 where I can be seen nightly at 9:00pm. That has been going on since November 2007 when the city put Nazi SS troops in charge of free speech and turned channel 54 dark.
So there
from phony free speech Boulder
Jann Scott
Jann Scott is the voice of Boulder.
