New York Times: 100,000 PayWall Payers

Image by Laughing Squid via FlickrThe New York Times did not get me, but looks like it got 100,000 people and counting. When they erected the paywall I think they had an inkling as to this number. But the numbers are still not adding up for me.

Let's crunch. 100,000 people paying $20 each is two million. Is that per year? Per month? If it is per year, the paywall is a fail whale. If it is per month, the paywall might still be a fail whale, although a smaller one. 20 million can't keep the New York Times afloat.

Glass Half Full Phase

Image via Wikipedia

Fred Wilson: The Word Bubble: There will come a time when the environment we are in will be in the rear view mirror. And entrepreneurs should be crystal clear about that. This is a time to raise money and sock it away for a rainy day. Because it will rain. ...... deals are actually companies and most venture investments are held for five to seven years. I've likened them to marriages over the years. Don't let the lust for the deal lead to a bad marriage that you have to be in for the next decade. ...... we are in the glass is half full part of the cycle. Investors are focusing on the upside and ignoring the downside. That part of the investment cycle lasts for a while and then things change and investors focus on the downside and ignore the upside. Markets are defined by greed and fear. We are in the greed mode right now

I will have to agree. A lot of people sat on a lot of money for about two years. But money does not want to sit still. Money wants to grow. And right now it feels like the basketball that was held at the bottom of the pool was let go. It is not going to end at the surface. It will eventually. But first it will go into the air a little. We are in the air a little phase.

But this is no bubble. I don't see an imminent industry wide collapse. Going out of business also happens in the restaurant business, all the time, but that does not mean the restaurant business is going through a bubble.

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Diary (2010) from Tim Hetherington on Vimeo.

(Via Kevin Slavin)

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