Comments on: Update: Johnny Taylor Resigns as CEO of RushmoreDrive

By: dubai

dubai — Fri, 15 Jan 2010 18:50:22 +0000

Still, the company clearly remains concerned with activist campaigns against the new company and is taking the necessary precautions.

By: Piepiepie

Piepiepie — Tue, 23 Jun 2009 08:05:17 +0000

I think you are right — IAC spent way too much money on RDrive, launch party? 35 employees? ridiculous.

I don't think any of these new AA-targeted sites will do well, b/c they simply aren't organically grown properties with an eye on minimizing costs.

By: Piepiepie

Piepiepie — Tue, 23 Jun 2009 03:05:17 +0000

I think you are right — IAC spent way too much money on RDrive, launch party? 35 employees? ridiculous.

I don't think any of these new AA-targeted sites will do well, b/c they simply aren't organically grown properties with an eye on minimizing costs.

By: Piepiepie

Piepiepie — Wed, 17 Jun 2009 03:29:41 +0000

hmmm…. RD wasn't worth 1MM — I don't think RD had any interesting technology. Even the name was ridiculous.

By: ProHipHop: Hip Hop Business

ProHipHop: Hip Hop Business — Wed, 10 Jun 2009 18:26:09 +0000

RushmoreDrive.com Joins Deadpool 2.0…

RushmoreDrive.com, a “search engine for the black community” that never seemed to find its wings, has become the latest member of Deadpool 2.0. More: Update: Johnny Taylor Resigns as CEO of RushmoreDrive Updated: IAC Closing RushmoreDrive.com; CEO Re…

By: afrolantic

afrolantic — Wed, 10 Jun 2009 13:18:46 +0000

Thanks for the clarification.

By: Richard Black

Richard Black — Tue, 09 Jun 2009 21:14:36 +0000

HBCUConnect.com is hiring... I know 2 people who just moved over there...

By: Paid Content : Updated: IAC Closing RushmoreDrive.com; CEO Resigns, Says Company Hampered Sale

Tue, 09 Jun 2009 20:12:17 +0000

[...] Inc. seems like a good candidate for being sold if a buyer can be found. But Black Web 2.0, which first reported the news of Taylor’s departure, posted excerpts from his letter to the staff describing a slightly different [...]

By: Ian

Ian — Tue, 09 Jun 2009 19:44:29 +0000

@ Afrolantic. It was smart to turn Sahara Media down. After doing some research they (Sahara Media) don't have any successful ventures. This is there website: www.honeymag.com. It gets less than 5K hits per month (not quantified and stats don't come up on quantcast.com) and is probably bringing in less that $500 (if that) in ad revenue monthly. It would have been an even dumber decision on the IAC's part to sell to them.

With Rushmore and even Sahara's property Honey (after seeing their 10 million deal that I don't believe) - they need to just cut losses and die.

By: Elbert McQuiller

Elbert McQuiller — Tue, 09 Jun 2009 19:35:03 +0000

If Rushmore is a "niche," how did IAC expect to manage it without cannibalizing parts of its audiences on other IAC properties? How could it effectively leverage its other properties and their solutions (e.g. CitySearch and now UrbanSpoon) without simply playing a shell game? Similarly, if it sells the property, what will stop competitors from leveraging the platform to steal marketshare from IAC via multiple "niche" communities? That reality may be a part of IAC's valuation--a premium must be paid to possibly weaken its core. Furthermore, Rushmore isn't a content site, it is a functionality that can be leveraged across many content sites, but content is still required.

Pleas for niche content media to remain niche owned may not just be political begging or maneuvering--it may be good economics? I suspect TheRoot.com and TheGriot.com will face similar fates notwithstanding their seemingly good intentions. Does anyone believe that long-term, high quality niche media requires a long-term commitment from niche community owners?

emcquiller@myblacknetworks.com
www.MyBlackNetworks.com