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Backfence was a network of user-driven hyperlocal news sites that launched in 2005 and closed in 2007.
Backfence was founded in 2005 by Mark Potts and Susan DeFife with five staff members and two community sites in the Washington, D.C., area. It raised $3 million in local and national investment and eventually expanded to 13 sites near Washington, Chicago, and San Francisco.
Backfence averaged about one full-time staff member per site, though its content came from users, who could blog, edit wikis or post photos there. The company was supported by self-service display and classified advertising. The site was considered at the time one of the bellwethers of the “citizen journalism” movement.
Mashable is a blog that covers social media news and analysis. The blog was founded in 2005 by Pete Cashmore, who was 19 at the time. Cashmore said in 2008 that Mashable had been profitable since its inception without the need for venture funding. Mashable first took on outside funding when it raised $13.3 million…