Vox’s Mossberg: No Website Is Profitable in First Year

USA Today: Walt Mossberg, on the sale of tech site Recode to Vox Media: “Being a small website is a hard proposition. In a world where BuzzFeed, Vox Media and Business Insider all are raising large amounts of money, we realized we have to raise more money. … Nobody is profitable the first year. We only had one full year before we sold. But it was never in our plan to make a profit the first year.”