{"id":30811,"date":"2025-06-30T18:06:22","date_gmt":"2025-06-30T18:06:22","guid":{"rendered":"http:\/\/medexperts.pro\/?p=30811"},"modified":"2025-06-30T18:24:47","modified_gmt":"2025-06-30T18:24:47","slug":"he-made-billions-on-google-and-paypal-now-hes-betting-on-news","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=30811","title":{"rendered":"He Made Billions on Google and PayPal. Now, He\u2019s Betting on News."},"content":{"rendered":"
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Michael Moritz co-founded The San Francisco Standard, a local news organization. It is acquiring Charter, a start-up focused on the future of work.<\/p>\n

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Many billionaires from Silicon Valley have lately cast a critical eye on the news media. Michael Moritz, the venture capitalist who made billions by placing early bets on companies like Google and PayPal, is taking the opposite approach.<\/p>\n

Mr. Moritz said in an interview over the weekend that The San Francisco Standard, a local news organization he co-founded, was buying Charter, a digital publication focused on the future of work, to broaden its focus. Kevin Delaney, a founder of Charter, will be the editor in chief of both publications.<\/p>\n

Mr. Moritz, 70, who has been a resident of San Francisco for four decades, said he had decided to start The Standard because he \u201ccouldn\u2019t find out what was happening in San Francisco\u201d anymore because of \u201cthe erosion of all the local news outlets.\u201d<\/p>\n

\u201cI think news and information in any city is as vital as water, electricity and gas,\u201d said Mr. Moritz, a former San Francisco bureau chief for Time magazine covering Silicon Valley.<\/p>\n<\/div>\n<\/div>\n

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The terms of the deal were not disclosed.<\/p>\n

The San Francisco Standard may seem an unlikely suitor for Charter, which has a global focus. But Mr. Delaney said in an interview that the two companies would look to collaborate on big stories such as the explosion of artificial intelligence, its impact on jobs in the technology industry and changes in the way cutting-edge companies are managed \u2014 stories that are all rooted in San Francisco.<\/p>\n

\u201cCalifornia is the fourth-largest economy in the world on its own,\u201d Mr. Delaney said. \u201cHaving a deep, ambitious journalistic agenda there and a strong newsroom is really interesting and meaningful.\u201d<\/p>\n

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Michael Moritz co-founded The San Francisco Standard, a local news organization. It is acquiring Charter, a start-up focused on the future of work.Many billionaires from Silicon Valley have lately cast a critical eye on the news media. Michael Moritz, the venture capitalist who made billions by placing early bets on companies like Google and PayPal, is taking the opposite approach.Mr. Moritz said in an interview over the weekend that The San Francisco Standard, a local news organization he co-founded, was buying Charter, a digital publication focused on the future of work, to broaden its focus. Kevin Delaney, a founder of Charter, will be the editor in chief of both publications.Mr. Moritz, 70, who has been a resident of San Francisco for four decades, said he had decided to start The Standard because he \u201ccouldn\u2019t find out what was happening in San Francisco\u201d anymore because of \u201cthe erosion of all the local news outlets.\u201d\u201cI think news and information in any city is as vital as water, electricity and gas,\u201d said Mr. Moritz, a former San Francisco bureau chief for Time magazine covering Silicon Valley.The terms of the deal were not disclosed.The San Francisco Standard may seem an unlikely suitor for Charter, which has a global focus. But Mr. Delaney said in an interview that the two companies would look to collaborate on big stories such as the explosion of artificial intelligence, its impact on jobs in the technology industry and changes in the way cutting-edge companies are managed \u2014 stories that are all rooted in San Francisco.\u201cCalifornia is the fourth-largest economy in the world on its own,\u201d Mr. Delaney said. \u201cHaving a deep, ambitious journalistic agenda there and a strong newsroom is really interesting and meaningful.\u201dWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":30813,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-30811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/30811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30811"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/30811\/revisions"}],"predecessor-version":[{"id":30814,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/30811\/revisions\/30814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/30813"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}