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"Today the local news website/service/platform Outside.in has made official a $3 million funding round from a mixture of venture and angel investors, including Union Square Ventures, Milestone Venture Partners, Betaworks, the New York City Investment Fund, and George Crowley, among others. This marks the third reported round of funding for the company, the first two of which were revealed in February and October of 2007.\nThe company today has also made known it\u2019s appointment of a new CEO, Mark Josephson, a former executive at Seevast Corp, a marketing entity, and general manager of About.com, a New York Times Company property. Josephson takes the place of Steven Berlin Johnson, co-founder and former CEO of the startup who will continue as executive chairman.\nOf course, as many news junkies do recognize, daily (and even hourly) coverage today spans the globe. Publications like The New York Times, The Wall Street Journal, The Financial Times, The Washington Post, and others focus on events that encompass virtually all regions of the world. Organizations like Associated Press and Reuters have firm handles on the international scene as well, supplying everything from Web portals like Yahoo and Google and MSN to metropolitan papers and small town publications. But as with macro-level developments, consumers of news are also interested in what occurs in the areas in which they live. Things local. Their home cities, towns, even particular neighborhoods.\nOutside.in seeks to play the part of the engine delivering news relevant to a specific area for people who live in said area. Naturally, sites like Yahoo News and Google News, and many others, cater partially to users\u2019 demand for local stories. Yet the focus of Outside is to look exclusively at towns and neighborhoods to deliver information sourced from news sites as well as blogs, and even involve users on discussion boards to talk about stories important to their locations. (These forums can help to facilitate commentary about governmental or infrastructural concerns as well as aid in emergency management among residents affected by environmental disturbances, etc.) Users can even go so far as contributing stories that may be of value to fellow residents."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2008/05/20/outsidein-gets-3m-funding-and-new-ceo/>