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	<title>Betabeat &#187; Oprah and Eric Schmidt Back Cory Booker&#8217;s New Startup #waywire, a Media Site for Millenials</title>
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		<title>Betabeat &#187; Oprah and Eric Schmidt Back Cory Booker&#8217;s New Startup #waywire, a Media Site for Millenials</title>
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		<title>Oprah and Eric Schmidt Back Cory Booker&#8217;s New Startup #waywire, a Media Site for Millenials</title>

		<comments>http://betabeat.com/2012/07/cory-booker-waywire-startup-media-millenials-oprah-eric-schmidt-nathan-richardson-07022012/#comments</comments>
		<pubDate>Mon, 02 Jul 2012 09:00:43 -0400</pubDate>
					<link>http://betabeat.com/2012/07/cory-booker-waywire-startup-media-millenials-oprah-eric-schmidt-nathan-richardson-07022012/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=52942</guid>
		<description><![CDATA[<p><div id="attachment_52958" class="wp-caption aligncenter" style="width: 522px"><a href="http://nyobetabeat.files.wordpress.com/2012/07/screen-shot-2012-07-02-at-8-05-40-am.png"><img class=" wp-image-52958  " style="margin:5px 10px;" title="cory booker waywire" src="http://nyobetabeat.files.wordpress.com/2012/07/screen-shot-2012-07-02-at-8-05-40-am.png" alt="" width="512" height="262" /></a><p class="wp-caption-text">(Photo: waywire.com)</p></div></p>
<p>While you were clinging to your A/C unit over the weekend, Newark mayor and <a href="http://nymag.com/daily/intel/2012/05/problem-with-cory-bookers-twitter-feed.html">Twitter addict</a> Cory Booker was ushering his new startup out of stealth mode. The company, called <a href="http://waywire.com/">#waywire</a>, is a media platform that combines original and syndicated videos with relevant user-generated content from young adults about what's important to them and their perspective on issues in the news.</p>
<p>Wait, didn't Al Gore <a href="http://en.wikipedia.org/wiki/Current_TV">have the same idea in 2005</a>?</p>
<p>"Traditional news sources aren’t in any way talking to millennials," Mr. Booker <a href="http://techcrunch.com/2012/06/30/waywire/">tells TechCrunch</a>. Perhaps the site can start with whether any young adult actually wants to be labeled a "millenial"?<!--more--></p>
<p>Mr. Booker's cofounder in the startup is Nathan Richardson, #waywire's CEO. (He also goes by <a href="http://betabeat.com/2012/01/layoffs-at-gilt-groupe-complete-90-employees-let-go-gilt-city-closes-offices-in-six-markets-01232012/">Nate</a>.) Mr. Richardson was most recently the president of Gilt City. His departure for the startup world was announced on the heels of <a href="http://betabeat.com/2012/01/layoffs-at-gilt-groupe-complete-90-employees-let-go-gilt-city-closes-offices-in-six-markets-01232012/">significant layoffs</a> at Gilt Groupe in January. Sarah Ross, TechCrunch's former chief marketing officer, is also a cofounder.</p>
<p>The startup has already raised a <a href="http://techcrunch.com/2012/06/30/waywire/">$1.75 million seed round</a> from Oprah Winfrey, Eric Schmidt's Innovation Endeavors, Lady Gaga's manager Troy Carter, First Round Capital, and LinkedIn CEO Jeff Weiner.</p>
<p>Mr. Richardson tells <a href="http://techcrunch.com/2012/06/30/waywire/">TechCrunch</a> that #waywire plans on launching with 10,000 minutes of original content hosted by "all-millenial newscasters," along with clips from more established news outlets. Video responses, like, say, a reaction to the Supreme Court's healthcare decision, from the #waywire community and your social network will appear alongside the professional content.</p>
<blockquote><p>Booker believes “There are practical solution to [creating] more jobs, lower crime, better education. If more people could find their voice and be part of the national dialogue, we could solve these problems.”</p></blockquote>
<p>Any discussion or rebuttal you record can easily be shared via social networks. In fact, #waywire plans on pulling in data from Facebook and Twitter to build a personalized newswire of what's relevant to each user. The startup also plans on offering a <a href="http://techcrunch.com/2012/06/30/waywire/">badge and reward system</a> that lets trusted users determine what content to highlight on the platform.</p>
<p>In a <a href="http://waywire.com/">promotional video</a> shot in Washington Square Park (below), fresh-faced,  politically-engaged young men and women wag their fingers at the divisive soundbite- and celebrity-obsessed state of news today, eager to offer a more circumspect take on the issues. <a href="http://observer.com/2012/06/anchors-away-sorkins-newsroom-is-a-symphony-of-self-regard/">Aaron Sorkin</a> would be so proud!</p>
<div></div>
<p><span class='embed-youtube' style='text-align:center; display: block;'><iframe class='youtube-player' type='text/html' width='640' height='390' src='http://www.youtube.com/embed/JYP_kePE1jk?version=3&#038;rel=1&#038;fs=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' frameborder='0'></iframe></span></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_52958" class="wp-caption aligncenter" style="width: 522px"><a href="http://nyobetabeat.files.wordpress.com/2012/07/screen-shot-2012-07-02-at-8-05-40-am.png"><img class=" wp-image-52958  " style="margin:5px 10px;" title="cory booker waywire" src="http://nyobetabeat.files.wordpress.com/2012/07/screen-shot-2012-07-02-at-8-05-40-am.png" alt="" width="512" height="262" /></a><p class="wp-caption-text">(Photo: waywire.com)</p></div></p>
<p>While you were clinging to your A/C unit over the weekend, Newark mayor and <a href="http://nymag.com/daily/intel/2012/05/problem-with-cory-bookers-twitter-feed.html">Twitter addict</a> Cory Booker was ushering his new startup out of stealth mode. The company, called <a href="http://waywire.com/">#waywire</a>, is a media platform that combines original and syndicated videos with relevant user-generated content from young adults about what's important to them and their perspective on issues in the news.</p>
<p>Wait, didn't Al Gore <a href="http://en.wikipedia.org/wiki/Current_TV">have the same idea in 2005</a>?</p>
<p>"Traditional news sources aren’t in any way talking to millennials," Mr. Booker <a href="http://techcrunch.com/2012/06/30/waywire/">tells TechCrunch</a>. Perhaps the site can start with whether any young adult actually wants to be labeled a "millenial"?<!--more--></p>
<p>Mr. Booker's cofounder in the startup is Nathan Richardson, #waywire's CEO. (He also goes by <a href="http://betabeat.com/2012/01/layoffs-at-gilt-groupe-complete-90-employees-let-go-gilt-city-closes-offices-in-six-markets-01232012/">Nate</a>.) Mr. Richardson was most recently the president of Gilt City. His departure for the startup world was announced on the heels of <a href="http://betabeat.com/2012/01/layoffs-at-gilt-groupe-complete-90-employees-let-go-gilt-city-closes-offices-in-six-markets-01232012/">significant layoffs</a> at Gilt Groupe in January. Sarah Ross, TechCrunch's former chief marketing officer, is also a cofounder.</p>
<p>The startup has already raised a <a href="http://techcrunch.com/2012/06/30/waywire/">$1.75 million seed round</a> from Oprah Winfrey, Eric Schmidt's Innovation Endeavors, Lady Gaga's manager Troy Carter, First Round Capital, and LinkedIn CEO Jeff Weiner.</p>
<p>Mr. Richardson tells <a href="http://techcrunch.com/2012/06/30/waywire/">TechCrunch</a> that #waywire plans on launching with 10,000 minutes of original content hosted by "all-millenial newscasters," along with clips from more established news outlets. Video responses, like, say, a reaction to the Supreme Court's healthcare decision, from the #waywire community and your social network will appear alongside the professional content.</p>
<blockquote><p>Booker believes “There are practical solution to [creating] more jobs, lower crime, better education. If more people could find their voice and be part of the national dialogue, we could solve these problems.”</p></blockquote>
<p>Any discussion or rebuttal you record can easily be shared via social networks. In fact, #waywire plans on pulling in data from Facebook and Twitter to build a personalized newswire of what's relevant to each user. The startup also plans on offering a <a href="http://techcrunch.com/2012/06/30/waywire/">badge and reward system</a> that lets trusted users determine what content to highlight on the platform.</p>
<p>In a <a href="http://waywire.com/">promotional video</a> shot in Washington Square Park (below), fresh-faced,  politically-engaged young men and women wag their fingers at the divisive soundbite- and celebrity-obsessed state of news today, eager to offer a more circumspect take on the issues. <a href="http://observer.com/2012/06/anchors-away-sorkins-newsroom-is-a-symphony-of-self-regard/">Aaron Sorkin</a> would be so proud!</p>
<div></div>
<p><span class='embed-youtube' style='text-align:center; display: block;'><iframe class='youtube-player' type='text/html' width='640' height='390' src='http://www.youtube.com/embed/JYP_kePE1jk?version=3&#038;rel=1&#038;fs=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' frameborder='0'></iframe></span></p>
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