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Tips for Aspiring Media Entrepreneurs 
Rachele Kanigel 
San Francisco State University 
rkanigel@gmail.com 
@JourProf
Where journalists used to get jobs
Where journalists get jobs today 
Founded 2003
Where journalists get jobs today 
Founded 2003 
Founded 2006
Where journalists get jobs today 
Founded 2003 
Founded 2006 
Founded 2013
Where journalists get jobs today 
Founded 2003 
Founded 2006 
Founded 2013 
Founded 2013
Freelance
Or… 
…they start their own 
companies!
7 Traits of successful entrepreneurs 
 Tenacity
7 Traits of successful entrepreneurs 
 Tenacity 
 Passion
7 Traits of successful entrepreneurs 
 Tenacity 
 Passion 
 Tolerance for risk
7 Traits of successful entrepreneurs 
 Tenacity 
 Passion 
 Tolerance for risk 
 Vision
7 Traits of successful entrepreneurs 
 Tenacity 
 Passion 
 Tolerance for risk 
 Vision 
 Self-belief
7 Traits of successful entrepreneurs 
 Tenacity 
 Passion 
 Tolerance for risk 
 Vision 
 Self-belief 
 Flexibility
7 Traits of successful entrepreneurs 
 Tenacity 
 Passion 
 Tolerance for risk 
 Vision 
 Self-belief 
 Flexibility 
 Ability to break rules
The drunken walk of the entrepreneur 
 Ideate
The drunken walk of the entrepreneur 
 Ideate 
 Plan
The drunken walk of the entrepreneur 
 Ideate 
 Plan 
 Experiment
The drunken walk of the entrepreneur 
 Ideate 
 Plan 
 Experiment 
 Fail fast
The drunken walk of the entrepreneur 
 Ideate 
 Plan 
 Experiment 
 Fail fast 
 Pivot
The drunken walk of the entrepreneur 
 Ideate 
 Plan 
 Experiment 
 Fail fast 
 Pivot 
 Pitch
The drunken walk of the entrepreneur 
 Ideate 
 Plan 
 Experiment 
 Fail fast 
 Pivot 
 Pitch 
 Network
The scenario 
An investor offers you $5 million to 
come up with a new media 
business. It must be: 
 Innovative 
 Geared toward millennials 
 Engaging to readers 
 Profitable within 5 years
Pitch 
 30 to 60 seconds 
 Clear, concise 
 Confident 
 Persuasive
Opportunities 
Newschallenge.org
Opportunities 
ohio.edu/scrippscollege 
/innovationchallenge/
Opportunities 
Matter.vc
Opportunities 
unityjournalists.org/ 
newu/
Opportunities 
ycombinator.com/
Questions?
Contact 
Rachele Kanigel 
Associate professor of journalism 
San Francisco State University 
@JourProf 
rkanigel@gmail.com

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Tips for Aspiring Media Entrepreneurs