“I don’t know a single startup business outside the indie news space that doesn’t articulate its exit strategy up front," said Rusty Coats, who has created curricula for community news trainings in the Block by Block and Investigative News Network (INN) communities. "That sets the path for growth and helps set benchmarks for success.”
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Facebook is now the #2 mobile app for local search, behind Google Maps, notes MomentFeed CEO Rob Reed.
2013 could see a handful of established companies look to mergers and acquisitions in order to jump-start their existing hyperlocal strategies — or to help them build new initiatives altogether.