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How to build a website with $12,000 and lots of bad PR

TruemorsWhen it comes to web 2.0 startups, it may be that there really might be no such thing as bad press.

Last month Guy Kawasaki launched Truemors, a Reddit-like site that lets users submit rumors, which any user can vote on. The most popular rumors are pushed to the top. When we first told you about Truemors, we pointed out that it was severely lacking in quality control, and most of the rumors on the first day were spam. But the things is -- we did tell you about the site.

Now Kawaski has written a post that breaks down the site's launch by the numbers.
  • Kawasaki spent just $12,107.09 on software development, legal fees, logo design and domain registration.
  • He spent $0 on PR.
  • TechCrunch wrote about the site 3 times (twice before it launched, and once to pan it when it opened).
  • The Inquirer called Truemors the "worst website ever" two days before launch.
  • Truemors got 14,052 visitors on its first day.
  • The site got 261,214 page views on its first day.
  • There were 405 posts on the first day.
  • 218 of them were spam, which administrators deleted.
The site actually seems to have more "legit" rumors than spam today. Of course, you have to take everything you read on the site with a grain of salt, but salt is cheap.

Tags: digg, guy kawasaki, GuyKawasaki, inquirer, reddit, rumors, techcrunch, truemors

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