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GOOD Magazine Parent Secures First Round Funding

Authored by Mark Hefflinger on October 14, 2009 - 7:39am.
Los Angeles - GOOD, a multiplatform media firm focused on social justice, announced on Wednesday that it has raised an undisclosed sum of first round financing, led by co-founder and CEO Ben Goldhirsh.

Several angel investors also participated, including Nicholas Negroponte.

Los Angeles-based Good also said that it has consolidated its Reason Pictures, GOOD Magazine and GOOD Digital under a new entity called GOOD Worldwide.

The company said the funds will help it to break even in early 2010.

"When we set out in 2006, breaking 2M monthly unique visitors and 25M video streams, winning four national magazine awards and selling a feature length documentary film about Barack Obama to HBO in less than three years was well beyond our goals," said Goldhirsh.

"Now the challenge is investing in the digital platform to support and connect the individuals, businesses, and non-profits that are driving this movement."

 

Related Links:
http://goodinc.com/news--press/GOOD-SeriesA.html

Published in DMW Daily, October 14, 2009
tags: Deals | VC | Magazines | Publishing | Ben Goldhirsh | GOOD |



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