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Kim Osorio's exit from the company was very abrupt also, but that one seemed to fly under the radar in the blogosphere.
Have friends that have one also.
Ingredients for failure: Black Targeted website + Major Egos + major funding meaning that have to show some stride real soon + an unoriginal idea (ie Digg in black) + targeting a sub-niche (Black>>Music>>Hip Hop leaning/Gossip)
Navarrow will land at another sinking ship of a site....probably TheRoot, Rushmore, or some other nonsense someone threw up where they have to position that they've hired someone to prove that their serious. He gets to be in that ever rotating circle of black site executives that always seem to get hired for black site project after project (good money in that ROFL)
Best advice for GG...you've thrown a lot of money in building a aggregation technology...leave blackness behind and diversify and make a major entertainment news aggregation service. Thats where more ad dollars and traffic will be to recoup your money and then some.
There is my bone for the day.
You seem pretty harsh on some of our fellow entrepreneurs! I actually think it's great regarding the efforts of TheRoot, Rushmore, Global Grind or any other entrepreneur who has had the cojones to step into the ring and actually take a stab at it. They tried and if they've "failed", I hope they dust themselves off and try again. Lord knows, I've gotten my best successes from learning from past failures (the watchword for all of my projects now is "Fail Fast"). We, as a community, need more of these mavericks. Your statement actually reminded me of a quote from a speech that Teddy Roosevelt gave in Paris:
"It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
Herb.
www.blackbottom.com
Unique technology and small staff - I definitely concur.
Not surprised, really. Shifting whole business models is never a good look. According to Compete, GG's traffic is up slightly: http://siteanalytics.compete.com/globalgrind.co..., but high-profile changes usually don't bode well.
Quantcast's estimate for GG is only 87k uniques/mo. Most of them are paid traffic (google) as you have noticed. Try to google hip hop social network or any hip hop celeb and you end up with some GG ads. At least those $4.5M are directly re-injected in the economy :-)
You are completely correct in your Black Web 2.0 story on the shake-up, happened on March 6th. It wasn't pretty. Osman Earlp is the new "interim" CEO & President and Andrea Gouw is the new GM. BTW, Andrea just happens to be the sister of Teresia Gouw Ranzetta who is on the Accel board.
http://www.accel.com/people/bio.php?person_id=3...
Rumor has it that there had been some personal conflicts between Russ and Navarrow and also some politics that added to the fire. Any insight a week after the story broke out?