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October 07, 2005
Corante Business Model
Posted by Stowe Boyd
I was asked one question over and over again at the Web 2.0 conference: what is Corante's business model?
Not that I expected everyone to know what we are up to, and the conference was defitinitely the sort of setting where asking people for their elevator pitch is what passes for polite conversation. Still, it was interesting that so many people -- two or three dozen, at least -- even those who professed to read Get Real or other Corante blogs, would just not know what we are up to.
Here's the elevator pitch, whittled down over a busy few days:
Corante Elevator Pitch
Corante is a small media company. If you ignore the web aspect, we are a lot like other, more traditional media companies. We make money from advertising and other sponsorships on our publications, which are (at the moment) exclusively blogs. We are launching seminar and conference businesses at the present time.
Our focus is to seek out the best writers in every area we enter. We view our contributors as artists: artisan journalists. They are not employees, just as Dave Matthews and Alicia Keys are not employees of their record labels. We work to promote the written works that our contributors create. (I personally believe that this viewpoint is revolutionary, a step beyond the model of twentieth century "journalism".)
We are involved in rolling out what we are calling Corante 2.0, which will change a lot of what we do and how we do it. At its core, Corante 2.0 will allow us to grow from the 100 contributors we have today to 1000 or 5000 over the next year or so. I don't wanjt to preannounce the details of this push, but they obviously involve a lot of recruiting, which we are spending a great deal of time on.
On a personal level, I am working to decrease the consulting work I have been involved in over the past few years at Corante, which was a temporary expedient to pay the bills. While I have enjoyed working with clients like Businessweek, in the future I plan to limit my for-fee work to activities that are much more media-like: speaking engagements, seminars, and the like. I will be spending a lot of time getting the Corante seminars business humming in the next few months. I plan, for example, to start a master class in technology blogging starting in the next few weeks, where I will work with a small class of aspiring bloggers to hone their skills. I will continue my advisory work with start-ups, because I love that sort of innovative and entrepreneurial frenzy, but that is a special sort of involvement, and allows me to stay close to the edge, where all the heat is. And I am always open to weird and wonderful ideas, although I am trying hard to decrease the burden of travel that is the necessary curse of the life I am leading.
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1. Steve on October 7, 2005 01:47 PM writes...
Sounds very familiar to http://grepbogs.com
Steve
Permalink to Comment2. Mary Freeman on October 8, 2005 02:48 PM writes...
Dear Stowe,
In search of a handsome milionaire who would buy back my ancestral home for me (think of The Cherry Garden) in Parsonsfield Maine in exchange for my dedicating all my poetry to him, I came across these lines instead:
"I love that sort of innovative and entrepreneurial frenzy, but that is a special sort of involvement, and allows me to stay close to the edge, where all the heat is. And I am always open to weird and wonderful ideas, although I am trying hard to decrease the burden of travel that is the necessary curse of the life I am leading."
They awakened a kinship feeling in me, regarding the necessary traveling, for it is true, I have been raising nine children (one of them, Donna Wentworth of Copyfight fame) all of these 42 years in exile, cultivating a home away from home in the world of ideas in my garden at home in Monroe (though I much prefer them in a rowboat on West Pond, Parsonsfield--Mudgett's Pond, properly) after many years of moving about all over Maine. The entrepreneurial spirit flourishes in me thinking of selling my "sonnets in a box" (think of The Little Match Girl)meanwhile, I meant only to send along this poem, penned long ago:
With this letter I thee command
Tear along the dotted land
Keep your secrets out of hand
Keep your secrets in a line
Fill all answers out in sign
Remember what is yours is mine
Remember what is yours is yours
Even when you take the tours
Around the world inside your doors.
Mary
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