When we launched Street Fight, we expanded the term "hyperlocal" from its traditional use pertaining only to passionate, driven, highly local publishers who were the first to act on the erosion of local media’s business. We have applied it to include anyone who is disrupting and taking market share from traditional media and offering local businesses new ways to reach consumers...

Over the last six months, our Hyperlocal Investment Report newsletter has aimed to guide investors through this new industry, to give context and insight into the market potential of pre-public companies, and to synthesize activity in the public markets as well as in private placement, venture capital, mergers and acquisitions, private equity and the like. With this issue, we're moving it from a paid product to delivering this content on our public website for free, to engage in broader discussion around key issues in hyperlocal investing.

Many brands are still stuck in the days of Don Draper, failing to see that the potential for a lasting bond is even greater with hyperlocal (and delivers better ROI). Campaigns on services like LevelUp, LivingSocial or Tackable have more resonance precisely because they are tied to where you are. They tap into your good feelings around, say, your favorite pizza place, a connection that doesn’t require the same kind of shaping by big media or advertising mavens.

What it comes down to is that hyperlocal companies like Foursquare and Groupon, despite their "hyperlocal" raison d'etre, need scale to bring an effective proposition to merchants and big brands. Scale helps, even if that just means a larger audience within a metro area or even a single neighborhood...

Chris Dixon sends kudos to Foursquare's latest release; Seth Priebatsch gets excited about the evolution of money as it moves further online; Steve Buttry gets an endorsement; Josh Fenton talks hyperlocal publishing success; and Dan Street describes the evolution of local as "not a search problem."

Business Insider is giving away 5 free tickets to the VentureBeat community for their Social Media Analytics conference, the place to learn how to measure your social-media impact and generate ROI.

The stock market is falling, Europe is teetering and for many Americans, there are few jobs in sight. On Monday, the National Association of Business Economics issued a report underscoring what many Americans already know: jobs aren't coming back in any substantial way any time soon. The panel of 52 economics experts said they expected GDP to grow just 1.5% this year, too low to move the needle on the 9% unemployment rate...

Our pick in this week's Street Smart Moves is Loopt. Daily deals is a hackneyed formula already, but Loopt is trying to bring some innovation to the fore by letting consumers pick their own deals. What Loopt is doing is almost exactly the answer to John Wannamaker's famous quote about not knowing which half of his advertising worked (but knowing half did): By letting consumers suggest the items they want deals on, merchants will know what will sell.

A new survey released this week by the hyperlocal network Topix says what is increasingly clear in every new data that emerges: ad dollars are shifting to local, and of that, most are going online. The Topix survey of ad agencies found 90% said they are buying more local ads ("geographically-targeted") than they ever have.

The single-best deal, assertion, investment or other strategy this week... Who: Edmunds... Why: For its bid to play in daily deals for cars... "It helps automakers and dealers who have excess inventory or oversupply of specific models, or have a need to get rid of the past model-year vehicles through additional discounts. So it is intended to be very targeted to areas that need that focused conversation around certain vehicles." -- Michelle Denogean, VP of business operations at Edmunds.com...