Kara Swisher

Recent Posts by Kara Swisher

Let's Go to the Videotape: SB Nation's Jim Bankoff Speaks!

While in Washington, D.C., recently, I paid a visit to Jim Bankoff, who is now helming a fascinating start-up called SB Nation, a fast-growing sports blog and news platform.

With over 200 individual communities, it’s a mix of professional and user-generated content aimed at engaging passionate fans.

jbankoff

A former AOL (AOL) exec, Bankoff (pictured here) has worked on such products as TMZ.com, Moviefone, MapQuest and Netscape, as well as its AIM and ICQ messaging offerings.

After that, he became a senior adviser to Providence Equity Partners.

SB Nation has raised about $13 million in total venture funding from Accel Partners, Allen & Company, Comcast Interactive Capital, as well as angel investors such as Ted Leonsis and others in Silicon Valley.

People familiar with the situation said SB Nation’s post-investment valuation, after its most recent round last summer, is about $30 million.

sbnation-star-logo-whitev7210

SB Nation has used its funding to grow like gangbusters, especially since Bankoff arrived in late 2008 as chairman and CEO.

While it has been around since 2003, founded by DailyKos’s Markos Moulitsas and others, the start-up has been aiming more at the sweet spot of local sports pages, especially as newspapers have become weaker.

Here’s the video of my interview with Bankoff, as well as a tour of its D.C. HQ:


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work