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InDenverTimes backers, staff part ways. The Denver Post:

Financial backers of InDenver Times and many of its unpaid employees -- former staff members of the Rocky Mountain News -- are parting ways after a meeting Wednesday night.

Handoff time.

I hope they just do the news the way they want to, and stop trying to please unfathomable investors.

If they build a better news site, with access to tools that let them make their ideas, the site will become popular and advertisers and investors will want to be part of it. This is how the fabric of a community works, the netting.

It sounds like they've jettisoned the first stage successfully.

The employees want to go on with the site and will search for new backers, business writer David Milstead said after the meeting.

A site run by the employees and new financiers will not be called InDenver Times, he said.

"The take-away is that (managing editor) Steve Foster, myself and others who are committed to this venture will continue to pursue the concept, and we are now looking for new backers," he said. "That's our plan at this time."

Yeah, InDenver Times is dorky. And the site looks just as stiffly corporate.

Milstead said Wednesday that the investors were not comfortable with several aspects of the business, including the amount of staff, thinking that 30 was too many.

Too many for what?

This ad hoc news tribe could now launch what people want to know with flexible apps and ads that offer local goods and services unobtrusively to those reading the news.

Will they?

Later: Browsing around, caught this from Tim O'Reilly: John Suffolk (UK CIO) in Wyse: "You can't shrink to greatness."

Pointer from Steve Outing.

 Tags  Alt-news citizen journalism news business Rocky Mountain News

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