At least, not venture-scale businesses. I can see some community and membership-driven Hacker News clones for niches being possibly sustainable (isn't that kind of what Reddit started out as, anyway?), but can't see any VCs wanting to back that.
That's not bad though — They'd probably be something more like Gumroad — independent and run by a small team, and fairly profitable, but hard to grow and IPO.
How come services like Digg and Slashdot weren't able to make sustainable revenue off of membership fees?
That's not bad though — They'd probably be something more like Gumroad — independent and run by a small team, and fairly profitable, but hard to grow and IPO.
How come services like Digg and Slashdot weren't able to make sustainable revenue off of membership fees?