By: Mathew Ingram | Gigaom
Hyper-local news doesn’t exactly have a great track record — at least, not as a business. There’s a litany of failed attempts that stretches back at least a decade, including ventures like Backfence and more recent flame-outs like AOL’s Patch, which chewed through almost half a billion dollars.
But that hasn’t stopped entrepreneurs from trying to make it work. Among the latest efforts are a bevy of Brooklyn-based blogs and a new project from Jim Brady, a former Washington Post digital executive who knows a thing or two about failure.