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10.20.09
Newsletter Venture Receives $1 Million In Funding
 By Doug Caverly
It’s pretty well known that the economy has been suffering a recession, and also that the term “geek” doesn’t have positive connotations in every circle. However, in a move that may help prove the strength of newsletters, a fresh site/newsletter entity called GeekChicDaily has received a significant amount of money in funding.
Tameka Kee recently reported, “The company has raised about $1 million worth of funding from Mandalay Corporate Enterprises (an investment arm of Mandalay Entertainment), Japanese media/entertainment biggie Kyoraku Yoshimoto Holdings, and private investor Ken Wegner.”
That’s not an insignificant amount. Those aren’t unimportant entities and individuals, either. Considering that GeekChicDaily will focus on well-covered subjects like games, toys, and movies/television, it really says a lot that they’re taking the plunge.
Hopefully GeekChicDaily will do well and reward its investors. Perhaps we’ll see people take an even greater interest in newsletters if that’s the case.
Here’s a bit of evidence that supports the idea of a positive outcome: Kee wrote that GeekChicDaily was “[f]ounded this year by Wizard Magazine founder Gareb Shamus, Mandalay Entertainment CEO and former CEO of Sony Pictures Peter Guber, and early GameSpy investor and digital media entrepreneur Peter Levin.”
About the Author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.
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