“ I answer their questions and ask a few of my own. My number one question: Do you have significant start-up funds? When I started MinnPost, we had commitments of one year’s operating budget, about $1.2 million. The business plan called for having two, but my startup donors and I agreed that the time was right in late 2007 to begin, so we did so even though we were undercapitalized. It was the right decision, but it means I spend a great deal of my time finding the funding to sustain us through the next few years instead of devoting all my energy to the things that will sustain us longer term. Many of the callers tell me they have no start-up funds in hand yet. “Well,” I say, “I’d start by getting some.
Joel Kramer: Lessons I’ve learned after a year running MinnPost » Nieman Journalism Lab
