…he compared Defector to a neighborhood bar, no pun intended. “This is our little business—we just need to have these margins, pay our employees, and that’s it,” he said. “No one who owns a bar is thinking, ‘I can’t wait for NBCUniversal to come offer to buy my bar for a hundred million dollars.’
The Columbia Journalism Review does a great piece on Defector, the sports/commentary website born from the ashes of the old Deadspin blog. What an amazing concept: building a self-sustaining business to provide a healthy lifestyle for its employees, not to make the founder rich. Venture capital is a virus. I subscribed almost two years ago and I’ve never regretted it; the writing is that good.