Mike Fisher and Maven/SI

[j0Shi]

https://awfulannouncing.com/si/themaven-...ility.html

“Notwithstanding these recent financings, the Company does not have sufficient resources to fully fund its business operations through June 30, 2020,” the filing says. After reviewing the finances as of June 2018, the outlook was that the company needed a “significant” amount of additional capital and even that would produce no guarantee the business is self-sustainable. Maven then raised $112 million in debt and preferred stock placements between July 2018 and July 2019. On Tuesday, the company reported to the SEC it had raised an additional $20 million.

I think TheMaven is vastly overrating how much SI’s brand can help them going forward. Sure, there are still plenty of talented writers and columnists doing great work for the site, but the Maven-branded team sites are churning out more sloppy, subpar content than you can shake a stick at. Yeah, there’s going to be a natural traffic spike because there’s just *more* content, but when that content doesn’t reflect well on the overall brand, that brand’s reputation suffers and it begins to carry much less cachet among readers.

This doesn't sound good. Nothing against Fish and the others at Mavericks Maven, I'm sure they're working hard, but it's a pretty whatever news source to be honest.