Hopefully, Revision3 Has Learned Some Lessons

I have been staying tuned to the constant news of an economic bust where people are losing homes, jobs, and retirement savings. In my city, there is a definite squeeze where costs are being cut to try and avoid some job losses. In some cases, it isn’t because of a lack of revenue; it’s to save money for a nuclear winter in the event that money is not available in the future. It’s a mode that many businesses are operating under, and from my radar, it’s most visible in the tech sector.
While I don’t pay attention to tech blogs like I use to, I still hear about the effects of the down economy on tech companies, primarily Silicon Valley startups, via my regular tech podcasts. One company that was recently affected was Revision3, a new media company that focuses on IPTV shows. On October 27, Revision3’s CEO, Jim Louderback, announced show cuts and layoffs, which included axing popSiren, Internet Superstar, and Pixel Perfect. Later, the GigaOm Show and The Revision3 Gazette were also canceled from Revision3’s lineup after the original blog post. Revision3 also ended its distribution deals with Wine Library TV and EPIC FU and laid off approximately 10 of their staff, which included popular hosts Sarah Lane and Martin Sargent. This wasn’t a surprising move to me since many startups are announcing cuts. What also wasn’t surprising was the comments left by Revision3 “fans” on the blog post and message boards. (more…)