We’ve been sitting on some news for the past few weeks, and now it can be revealed — we’ve been selected for the first Edmonton cohort of the ATB X business accelerator program!
Since Mack and I started talking about Taproot in 2016, we’ve known we wouldn’t succeed without building a sustainable business to support the local journalism we seek to do. So many media startups have failed because their founders have not focused enough on the money side. We knew we had to avoid that trap.
Keeping an eye on the bottom line is necessary but not sufficient for building what comes next in local journalism. Lots of smart people are working on this problem, but no one has completely figured out how to ensure we can afford to pay enough people to pay attention to our community, not only as well as local newsrooms used to, but better. There’s no map — we have to find our own way.
We’ve gone pretty far on our own. This was very much a side project when we started; now it is Mack’s full-time job, and I contribute as much as I can while running the Alberta Podcast Network (another adventure in local media, because that’s what I do). Along the way, we have diversified our revenue streams and listened hard to our members, sponsors and customers to build a new way forward. We are on a path we could not have imagined when we began, and we think it’s going to take us where we need to go.
Enter ATB X, a support program for startup companies that helps entrepreneurs like us level up, through expert advice and peer mentorship. There’s no equity or funding involved; this is really about making sure we have the skills to make Taproot strong enough to achieve its full potential.
We’ll be joined by a fascinating variety of local businesses:
- 10 Percent Recruiting
- Air Trail
- Allegorical Alchemy
- Bean There Brew That
- Confetti Sweets
- Jess Black Inc.
- Navina Yoga
- Nanolog Audio
- The Northern Table
- Square 1 Coffee
- Sugared and Spiced
- Switch Engineering
- The Virtual Effect
- Zyp Gallery
We look forward to learning from these teams, and to sharing what we know to help them, too.
Thank you to everyone who has helped us along the way, whether you’ve become a member or shared our stories or sponsored a roundup or given us a chance to spread the word. You’ve invested confidence in us; we’re looking forward to paying dividends.