David Kirkpatrick

January 30, 2009

Culture11 closing shop

Filed under: Media, Politics — Tags: , , , , — David Kirkpatrick @ 5:01 pm

Well, at least in its current form. I’m sad to see it go. The site was providing some very interesting commentary, and needed moderate commentary from the right.

From the link:

Sometimes there are simple stories. Culture11’s is one of them. We raised a certain amount of money last year predicated on the assumption we would raise more money last year. Then the Fall’s fall occurred and we stretched money as long and far as we could without incurring any debts. With no new money in the door the board decided the most prudent thing to do was suspend business operations. That is a way too technical way of saying that there are now 14 people who worked very hard for this company who are looking for new jobs because theirs disappeared. These people do not deserve to be out of jobs and yet they are. The economy racks up more victims.