Capital (New York)

TaglineObserver vets hope to "do well by being good"
Year Founded2010
Type or CoverageGeneral
StateNew York
CityNew York City
Business TypeFor-profit
Revenue SourcesLocal Ads
Revenue SourcesNational Ads
Revenue SourcesPrivate Capital
Institutional SupportNo Institutional Support
Staff Size (Business)2-5
Staff Size (Editorial)6-10
Active VolunteersNone
AffiliationsReceived $1.7 private investment in August 2011 from investors led by Adam Riggs.
Mappin LocationNew York City - New York
Principal StaffJosh Benson
Principal StaffTom McGeveran
DescriptionWhen Capital launched in beta in June 2010 it joined an ever-swelling scrum of startups crowding the most covered and coverable city on Earth. How did Capital’s co-founder Josh Benson a longtime writer and editor at the New York Observer hope to break out from the pack? You can find his answer on Capital’s About page: “The premise of Capital is that it is possible for a news website to do well by being good.” [Profile updated April 17 2012]
Profile on CJR