How we did Splice Low-Res
It's not about the tech, it's about the community.
In our work as consultants, trainers, and reporters in Asia, we’ve become increasingly concerned about the anemic growth of media startups in the region. Given the big opportunities accorded by cheaper, more accessible technology, we find it baffling that Asia lacks a robust ecosystem around media startups.
Journalism isn’t broken. But technology has fundamentally changed traditional business models, content production, and its distribution.
We believe we’re in a golden age of media.
We now have the capability to connect with our audiences on more platforms than ever. We can target them with the content they want. We can also create new value that opens the door to more diversified revenue streams.
In Asia, this promise is still unfulfilled. With the size of our data-connected audiences, we should be swimming in new opportunities for media entrepreneurs.
We have an audacious dream. We want to help drive the creation of 100 media startups in Asia over the next 3 years. We want to do this by training, consulting, and funding.
And we can’t do it alone.
Today, we’re going to take a stab at solving this with The Civil Media Company, which is deploying blockchain and cryptoeconomics to help build a sustainable ecosystem for journalism around the world.
Splice and Civil will create a $1 million fund to catalyze the growth of media startups in Asia. Splice will manage this fund and make pre-seed, micro-investments to help entrepreneurs take their ideas to prototype stage, and with the support of this network and community, even further.
We’ll take a broad definition of the media equation.
Entrepreneurship is needed across the this new media stack — publishing, advertising, data, identities, privacy, and membership.
We’ll have more details in the next few weeks on how we’ll assess ideas and how we’ll make this happen across the region. We don’t have all the pieces together, but we would love to hear from you on what you’d like to see and how you think we should approach delivering this dream. If you have an idea you’re ready to talk about, get in touch on this form.
We’re also proud to announce that our Splice website will run on the Civil protocol. This “fingerprints” our content to both the individual author and the newsroom itself, providing authentication and eventual licensing opportunities.
Splice will also plug into the growing Civil ecosystem, allowing new network opportunities such as content sharing, collaborations, and audience discovery.
— Alan Soon & Rishad Patel
Splice 100: @SpliceNewsroom and @Join_Civil are creating a $1 million fund to help launch 100 media startups across Asia.
The goal is to get ideas to prototype. That’s the part we’re trying to solve — to get people to take a step forward. It’s a quick way to move things along. Some people need a bit of cash to take that first step. That’s the top-of-funnel we’re trying to solve. If we can help people get their ideas to a prototype, we would have nudged things forward. But first, we need proofs of concept.
Depends on what you’re trying to build as a business. It could be a site, an app, a dashboard. Something you can use to demonstrate or validate an idea.
To be honest, we’re not making a bet on blockchain per se. We don’t know enough about where this technology is headed, and more importantly, we aren’t fully convinced that there is a unique problem with media that only blockchain can solve. At least not yet.
We do however see an incredible opportunity to reconsider the structural problems with media and inject it with a newfound fervor that blockchain is helping to drive. You don’t often come across a new technology that could fundamentally change the way transactions are done.
Every conversation about transforming media is an opportunity to test new ideas. As an industry, we would be doomed if we decided not to try anything new.
This is one of many bets we’re making to ensure that Splice is part of that conversation around the transformation of media. It gets us a seat at the table of something powerful. And if the tokens make us money, great. But if they don’t, we would still want to get behind this anyway.
Splice + Civil are launching 100 media startups in Asia over 3 years with a $1 million fund. Join us.
Our mission is to drive radical change by supporting bold, forward-looking media startups in Asia. In order to do this, we report on, teach, transform, and fund newsrooms in Asia.
Our newsletters are read by some of the smartest people in global media.
We’re Alan Soon and Rishad Patel, and there’s more about us here.
The Splice Beta Fund is a prototyping grant that helps news and media entrepreneurs in Asia to quickly ideate, launch, test, and iterate products and services for audiences and customers. Here’s how it works.
Splice Low-Res is our virtual community check-in for media startups. See videos, sponsor, or stay in the loop here.
Splice Beta will be back September 22-24 in Chiang Mai. Get your tickets here.
We also have a Telegram group. Come say hi.
Our prototyping grant for media entrepreneurs in Asia to test news products for audiences
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