Blognation’s lights go out: time for blogosphere to ‘grow up’
The financial situation of the site is critical, said founder Sam Sethi, with £30,000 of debts and a trail of unpaid writers. Sethi had already planned to auction the site, and several buyers could be interested in purchasing the 13-blog site, which covers the Web startup scene.
Blognation.com’s current situation is strange considering the blog-growing context on the Internet. The volume with which it has come off the road “is in inverse proportion to its importance as a medium”, said Atlas Ventures' Fred Destin.
He also added that it is “Time for the blogosphere to grow up. Trust, transparency and ethics are not concepts you have the right to use because you publish under a Creative Commons license. It is something you demonstrate, not something you talk about.”
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Still, an unfortunate ending to a blog that offered some real value.