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Challenges of creating an online comic business model
Many of you know that TDC regular Dawn Douglass has spent years and a small fortune on creating a viable business model for cartoonists to make money on the web. She’s asking for feedback to a recent blog post about how cartoonists feel about her latest plan.
For some months now, I’ve been trying to get venture capital in order to create and launch a cartoon website. I have ideas for it that nobody else is doing and while several people have been very interested in my business plan, it always comes down to potential investors wanting me to prove FIRST that people will pay for cartoons in a Web culture that demands that everything be free.
Most of the VCs I talk to won’t even consider a pay model. They want all the cartoons to be free, saying we can add advertising later, after traffic goes way up, as the way to monetize the site. I won’t do it this way, and here’s why: