This post originally appeared on Forbes.com, where Mashable regularly contributes articles about social media, business and technology.
Why do web startups raise money? And how? These are two questions that account for a huge corpus of tech and financial discussion. Despite the complexity involved in these questions, their answers can be condensed into an eight-word statement: Someone somewhere thought he’d make his money back.
If you consider a few notable fundraising efforts from popular web startups, you begin to see how this aforementioned hypothetical “someone” might think his investment would be prudent and even profitable. Here are five popular web startups we’ve seen raising large amounts of money since the 2008 downturn, and a quick look at how they were able to do so.
1. Groupon
Groupon offers daily discounts for local businesses; these coupons can be redeemed only when a significant number of people choose to use them. For example, Groupon recently partnered with Gap to offer shoppers $50 worth of clothing and accessories for $25.
While daily deals and critical-mass coupons are fine and dandy for retailers and consumers, Groupon also takes its cut. The company usually keeps half of the coupon price and is expected to report $400 million in revenue for 2010.
Groupon has brought in increasing interest from investors. Since its relatively modest $1 million angel round in 2007, this startup has gone on to garner a total of $173 million over the past three years, the vast majority of which was raised after the 2008 economic crash. After collecting $6.8 million during its Series A round of funding, Groupon managed to bring in $30 million during its Series B round in December 2009, which was led by Accel Partners. Its headline-making $135 million Series C was led by Digital Sky Technologies, the famous investors behind Zynga and class='blippr-nobr'>Facebookclass="blippr-nobr">Facebook.
Without question, having a revenue stream as a core part of the company’s main product is a popular feature (with VCs) of funded startups. Groupon has that covered. Aside from the value the product offers, at scale, it also is intended to generate massive amounts of revenue. Unlike some social networking apps that require partnerships and advertising dollars to support an unrelated product for end users, generating revenue is Groupon’s most basic function.
2. Zynga
Zynga, creator of popular casual games, including FarmVille and Mafia Wars, boasts a revenue model based on small end-user transactions in virtual currency, which users spend on virtual goods. Zynga has proved that microtransactions at the scale of Facebook’s platform are big business worth serious investment.
Despite violating a core tenet of web startup wisdom: Never build your business on someone else’s platform, Zynga has racked up huge rounds and equally huge valuations. All told, Zynga has taken $519 million in funding, the bulk of which was raised after December 2009. In that month, the company closed a $180 million Series C from such firms as Andreessen Horowitz, Digital Sky and others. And in June 2010, Zynga took a $300 million Series D from class='blippr-nobr'>Googleclass="blippr-nobr">Google and SoftBank. With more than 56 million Americans playing social games, it’s no wonder why investors are putting down serious money in this industry.
3. Twitterclass="blippr-nobr">Twitter
Since its launch in 2006, micro-blogging service Twitter has become a social media darling, raising a total of $160 million since its 2007 Series A. The company raised $135 million over two rounds in 2009 from such firms as Benchmark, Morgan Stanley, Union Square and others.
Notably, all this money was raised before Twitter had found any significant source of revenue. This fact bucks a major trend in investment (that VCs like to see clear revenue stream before investing), but Twitter pulled it off because of one major factor: People.
Not only was the service growing exponentially, but it also had the endorsement (and daily usage) of pop culture celebrities such as Ashton Kutcher and Justin Timberlake. But nothing topped Twitter’s Oprah appearance, a watershed moment that brought a deluge of mainstream attention and a glut of new users.
Between the escalating adoption and increasing media attention, Twitter has become an opportunity investors can’t turn down.
4. Asana
Facebook Co-Founder Dustin Moscovitz and Facebook engineering lead Justin Rosenstein teamed up after leaving Facebook to found Asana, a startup that is reportedly building project management software. It is still in early development and hasn’t launched a product yet. This is one case where the product is presumed to be a sure bet because of the past experience and intellectual caliber of its creators.
Sometimes, a startup can raise money with nothing but pure pedigree. When a handful of big tech company engineers leave the mothership to found a startup, as happens in Silicon Valley from time to time, they can often drum up a round of funding before pencil meets paper.
Over seven months in 2009, the team was able to raise $10.2 million in two rounds of funding. In this case, investors are banking on Moscovitz’s and Rosenstein’s past successes. In a way, it’s as if they are investing in Beethoven’s next symphony or Van Gogh’s next canvas (i.e. the next Facebook).
5. Ustreamclass="blippr-nobr">ustream
Finally, there’s Ustream, a live interactive broadcast platform, which raised an impressive $75 million round of funding earlier this year from SoftBank. Previously, the startup had brought in nearly $13 million between a small 2007 seed round and a 2008 Series A. That’s a huge jump.
Despite a range of competitors in the online video world, including class='blippr-nobr'>YouTubeclass="blippr-nobr">YouTube, Ustream has made its mark on the live video market. Ustream has demonstrated mass-scale success in this arena by brokering deals to show live online footage of red carpet events, celebrity press conferences and even the 2008 Presidential Inauguration.
While challenging an industry leader like YouTube isn’t usually a prudent path to funding, doing so successfully through innovative technologies and user acquisition strategies can pay off.
More Business Resources from Mashable:
- 10 Emerging Social Platforms and How Businesses Can Use Them
/> - 10 Free WordPress Themes for Small Businesses
/> - The Future of Ad Agencies and Social Media
/> - HOW TO: Run Your Business Online with $10 and a Google Account
/> - 5 New Ways Small Business Can Offer Location-Based Deals
Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, Sage78
For more Business coverage:
- class="f-el">class="cov-twit">Follow Mashable Businessclass="s-el">class="cov-rss">Subscribe to the Business channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad
Fundraising is a key component for most social good campaigns and projects. Thanks to the the Internet and the social web, raising money for a non-profit, community project or charitable organization or relief effort is easier than ever before.
The web makes it possible to get your message across and collect money from people all over the world and to include your social graph in the process.
If you have an idea or a cause that you want to bring awareness to and raise funds around, there are lots of great online tools to help get you started. Whether you want to raise money for a local community center or help fundraise as part of a broader social good campaign, these tools make it easy to get the word out and collect the funds you need.
/> id="more-380180">
1. FirstGiving
The U.S. subsidiary of JustGiving.com, FirstGiving lets users raise money for any non-profit in the GuideStar database.
It’s free to create a basic account, but if you pay $300 you can fully customize your donations page and link them back to your own website. FirstGiving lets you create fundraising around upcoming events, marathons and walk-a-thons too, which is a nice touch. The processing fee for donation is 5% plus another 2% for credit card transactions.
2. Crowdrise
We mentioned Crowdrise in a recent post about alternatives to Facebook Causes and it is a great tool for both charities and general purpose fundraisers.
Once you start a project, you can share your project’s link via Facebookclass="blippr-nobr">Facebook, Twitterclass="blippr-nobr">Twitter and e-mail. You can also earn points from the community based on your project and your overall campaign. Crowdrise also has an ongoing series of promotions and sweepstakes that you can add to your project to sweeten the incentive to give.
3. Kickstarter
Kickstarter is most often used by aspiring creatives to fund projects but it can also be used for great effect for local social good community efforts.
Kickstarter is unique in that if your goal amount isn’t reached, none of the money is collected. This “all-or-nothing” approach often leads to Kickstarter campaigns being more active and more involved than a traditional “donate widget.”
A great part of Kickstarter for the social fund creator is the ability to reward donors at certain levels. Much like PBS and NPR offer trinkets if you give a certain amount, Kickstarter lets its project creators do the same thing. You can get really creative with your different donor levels to drive people to give more.
4. WhatGives
WhatGives offers a great widget you can use on Facebook or on your personal webpage to collect donations for your non-profit. WhatGives is nice because aside from integrating well with Facebook, all donations are handled through PayPal.
You need to be a registered non-profit with an approved PayPal account, and all donations are channeled directly into that account. You can customize the platform and embed it as a Facebook app or on your blog or website.
5. Change.org
Change.org lets users create programs to generate actions from others. This can be as simple as signing a petition or writing a letter, or as generous as donating money. For non-profits in the GuideStar database, you can create your own donation pages to collect funds and also draw attention to other action items.
Change.org is very focused on making it easy to virally spread a message, and the site itself also acts as a portal to different organizations and awareness campaigns.
6. Chipin
Chipin is one of the most popular donation widget tools on the web and it’s a great way to collect money for a good cause. We love the Chipin widget because you can see instant progress on donations, and it accepts many forms of payment.
Unlike many of the services on this list, Chipin isn’t just for non-profits or community organizations. You can use it for any project you want.
7. Razoo
Razoo has options for individuals, non-profits, foundations and corporations to raise money for their causes. Individuals can choose to create a fundraising page for any registered non-profit that Razoo recognizes (they have a database of about a million) and non-profits can create custom pages for their organizations and connect with supporters and encourage them to create their own fundraising pages.
What we love about Razoo, in addition to its simple interface and great UI, is that it also offers donation matching for corporations or foundations looking for an easy way to raise money.
8. Convio
Convio offers software for online fundraising and membership, and while its target audience is probably bigger groups or organizations, it’s still worth a look.
For example, Convio’s TeamRaiser lets organizations make it easy for volunteers to create their own websites for tracking and attracting donations.
If you’re organizing a social good fund for a big charity walk or event where volunteers go door-to-door to get donations, check out Convio because it makes managing that process much easier.
9. Facebook Causes
Causes is an increasingly common way for individuals to raise money and start their own funds that are tied to a non-profit. Because Causes is so well-integrated into Facebook, it makes getting the word out and raising awareness and funds for your cause that much simpler.
10. StayClassy
A newer player in the arena of online giving, San Diego’s StayClassy is focused not just on helping non-profits collect donations online, but also manage events and campaigns, track their fundraising results and plug-in.
The world of online fundraising is vast and diverse. What tools have you used when starting your own social good funds? Let us know in the comments.
Brought to you by the class='blippr-nobr'>Mashableclass="blippr-nobr">Mashable & 92Y Social Good SummitThis post was brought to you by the groundbreaking Social Good Summit. On September 20, as global leaders head to New York for United Nations Week — including a historic summit on global issues known as the “Millennium Development Goals” (MDGs) and the annual General Assembly — Mashable, 92nd Street Y and the UN Foundation will bring together leaders from the digital industry, policy and media worlds to focus on how technology and social networks can play a leading role in addressing the world’s most intractable problems.
Date: Monday, September 20, 2010
/> Time: 1:00 to 6:00 p.m. ET
/> Location: 92nd Street Y, New York City
/> Tickets: On sale through Eventbrite
/>
Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, PinkTag
For more Social Good coverage:
- class="f-el">class="cov-twit">Follow Mashable Social Goodclass="s-el">class="cov-rss">Subscribe to the Social Good channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad
Nintendo: 4m 3DS sales in first month 3DS <b>News</b> - Page 1 <b>...</b>
Read our 3DS news of Nintendo: 4m 3DS sales in first month.
Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>
iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.
Obama Calls Fox <b>News</b> a `Destructive' Channel - NYTimes.com
The president tells Rolling Stone that Fox News promotes a point of view that is "destructive" to the growth of the United States.
bench craft company rip off
benchcraft company scam
Nintendo: 4m 3DS sales in first month 3DS <b>News</b> - Page 1 <b>...</b>
Read our 3DS news of Nintendo: 4m 3DS sales in first month.
Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>
iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.
Obama Calls Fox <b>News</b> a `Destructive' Channel - NYTimes.com
The president tells Rolling Stone that Fox News promotes a point of view that is "destructive" to the growth of the United States.
benchcraft company scam bench craft company rip off
This post originally appeared on Forbes.com, where Mashable regularly contributes articles about social media, business and technology.
Why do web startups raise money? And how? These are two questions that account for a huge corpus of tech and financial discussion. Despite the complexity involved in these questions, their answers can be condensed into an eight-word statement: Someone somewhere thought he’d make his money back.
If you consider a few notable fundraising efforts from popular web startups, you begin to see how this aforementioned hypothetical “someone” might think his investment would be prudent and even profitable. Here are five popular web startups we’ve seen raising large amounts of money since the 2008 downturn, and a quick look at how they were able to do so.
1. Groupon
Groupon offers daily discounts for local businesses; these coupons can be redeemed only when a significant number of people choose to use them. For example, Groupon recently partnered with Gap to offer shoppers $50 worth of clothing and accessories for $25.
While daily deals and critical-mass coupons are fine and dandy for retailers and consumers, Groupon also takes its cut. The company usually keeps half of the coupon price and is expected to report $400 million in revenue for 2010.
Groupon has brought in increasing interest from investors. Since its relatively modest $1 million angel round in 2007, this startup has gone on to garner a total of $173 million over the past three years, the vast majority of which was raised after the 2008 economic crash. After collecting $6.8 million during its Series A round of funding, Groupon managed to bring in $30 million during its Series B round in December 2009, which was led by Accel Partners. Its headline-making $135 million Series C was led by Digital Sky Technologies, the famous investors behind Zynga and class='blippr-nobr'>Facebookclass="blippr-nobr">Facebook.
Without question, having a revenue stream as a core part of the company’s main product is a popular feature (with VCs) of funded startups. Groupon has that covered. Aside from the value the product offers, at scale, it also is intended to generate massive amounts of revenue. Unlike some social networking apps that require partnerships and advertising dollars to support an unrelated product for end users, generating revenue is Groupon’s most basic function.
2. Zynga
Zynga, creator of popular casual games, including FarmVille and Mafia Wars, boasts a revenue model based on small end-user transactions in virtual currency, which users spend on virtual goods. Zynga has proved that microtransactions at the scale of Facebook’s platform are big business worth serious investment.
Despite violating a core tenet of web startup wisdom: Never build your business on someone else’s platform, Zynga has racked up huge rounds and equally huge valuations. All told, Zynga has taken $519 million in funding, the bulk of which was raised after December 2009. In that month, the company closed a $180 million Series C from such firms as Andreessen Horowitz, Digital Sky and others. And in June 2010, Zynga took a $300 million Series D from class='blippr-nobr'>Googleclass="blippr-nobr">Google and SoftBank. With more than 56 million Americans playing social games, it’s no wonder why investors are putting down serious money in this industry.
3. Twitterclass="blippr-nobr">Twitter
Since its launch in 2006, micro-blogging service Twitter has become a social media darling, raising a total of $160 million since its 2007 Series A. The company raised $135 million over two rounds in 2009 from such firms as Benchmark, Morgan Stanley, Union Square and others.
Notably, all this money was raised before Twitter had found any significant source of revenue. This fact bucks a major trend in investment (that VCs like to see clear revenue stream before investing), but Twitter pulled it off because of one major factor: People.
Not only was the service growing exponentially, but it also had the endorsement (and daily usage) of pop culture celebrities such as Ashton Kutcher and Justin Timberlake. But nothing topped Twitter’s Oprah appearance, a watershed moment that brought a deluge of mainstream attention and a glut of new users.
Between the escalating adoption and increasing media attention, Twitter has become an opportunity investors can’t turn down.
4. Asana
Facebook Co-Founder Dustin Moscovitz and Facebook engineering lead Justin Rosenstein teamed up after leaving Facebook to found Asana, a startup that is reportedly building project management software. It is still in early development and hasn’t launched a product yet. This is one case where the product is presumed to be a sure bet because of the past experience and intellectual caliber of its creators.
Sometimes, a startup can raise money with nothing but pure pedigree. When a handful of big tech company engineers leave the mothership to found a startup, as happens in Silicon Valley from time to time, they can often drum up a round of funding before pencil meets paper.
Over seven months in 2009, the team was able to raise $10.2 million in two rounds of funding. In this case, investors are banking on Moscovitz’s and Rosenstein’s past successes. In a way, it’s as if they are investing in Beethoven’s next symphony or Van Gogh’s next canvas (i.e. the next Facebook).
5. Ustreamclass="blippr-nobr">ustream
Finally, there’s Ustream, a live interactive broadcast platform, which raised an impressive $75 million round of funding earlier this year from SoftBank. Previously, the startup had brought in nearly $13 million between a small 2007 seed round and a 2008 Series A. That’s a huge jump.
Despite a range of competitors in the online video world, including class='blippr-nobr'>YouTubeclass="blippr-nobr">YouTube, Ustream has made its mark on the live video market. Ustream has demonstrated mass-scale success in this arena by brokering deals to show live online footage of red carpet events, celebrity press conferences and even the 2008 Presidential Inauguration.
While challenging an industry leader like YouTube isn’t usually a prudent path to funding, doing so successfully through innovative technologies and user acquisition strategies can pay off.
More Business Resources from Mashable:
- 10 Emerging Social Platforms and How Businesses Can Use Them
/> - 10 Free WordPress Themes for Small Businesses
/> - The Future of Ad Agencies and Social Media
/> - HOW TO: Run Your Business Online with $10 and a Google Account
/> - 5 New Ways Small Business Can Offer Location-Based Deals
Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, Sage78
For more Business coverage:
- class="f-el">class="cov-twit">Follow Mashable Businessclass="s-el">class="cov-rss">Subscribe to the Business channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad
Fundraising is a key component for most social good campaigns and projects. Thanks to the the Internet and the social web, raising money for a non-profit, community project or charitable organization or relief effort is easier than ever before.
The web makes it possible to get your message across and collect money from people all over the world and to include your social graph in the process.
If you have an idea or a cause that you want to bring awareness to and raise funds around, there are lots of great online tools to help get you started. Whether you want to raise money for a local community center or help fundraise as part of a broader social good campaign, these tools make it easy to get the word out and collect the funds you need.
/> id="more-380180">
1. FirstGiving
The U.S. subsidiary of JustGiving.com, FirstGiving lets users raise money for any non-profit in the GuideStar database.
It’s free to create a basic account, but if you pay $300 you can fully customize your donations page and link them back to your own website. FirstGiving lets you create fundraising around upcoming events, marathons and walk-a-thons too, which is a nice touch. The processing fee for donation is 5% plus another 2% for credit card transactions.
2. Crowdrise
We mentioned Crowdrise in a recent post about alternatives to Facebook Causes and it is a great tool for both charities and general purpose fundraisers.
Once you start a project, you can share your project’s link via Facebookclass="blippr-nobr">Facebook, Twitterclass="blippr-nobr">Twitter and e-mail. You can also earn points from the community based on your project and your overall campaign. Crowdrise also has an ongoing series of promotions and sweepstakes that you can add to your project to sweeten the incentive to give.
3. Kickstarter
Kickstarter is most often used by aspiring creatives to fund projects but it can also be used for great effect for local social good community efforts.
Kickstarter is unique in that if your goal amount isn’t reached, none of the money is collected. This “all-or-nothing” approach often leads to Kickstarter campaigns being more active and more involved than a traditional “donate widget.”
A great part of Kickstarter for the social fund creator is the ability to reward donors at certain levels. Much like PBS and NPR offer trinkets if you give a certain amount, Kickstarter lets its project creators do the same thing. You can get really creative with your different donor levels to drive people to give more.
4. WhatGives
WhatGives offers a great widget you can use on Facebook or on your personal webpage to collect donations for your non-profit. WhatGives is nice because aside from integrating well with Facebook, all donations are handled through PayPal.
You need to be a registered non-profit with an approved PayPal account, and all donations are channeled directly into that account. You can customize the platform and embed it as a Facebook app or on your blog or website.
5. Change.org
Change.org lets users create programs to generate actions from others. This can be as simple as signing a petition or writing a letter, or as generous as donating money. For non-profits in the GuideStar database, you can create your own donation pages to collect funds and also draw attention to other action items.
Change.org is very focused on making it easy to virally spread a message, and the site itself also acts as a portal to different organizations and awareness campaigns.
6. Chipin
Chipin is one of the most popular donation widget tools on the web and it’s a great way to collect money for a good cause. We love the Chipin widget because you can see instant progress on donations, and it accepts many forms of payment.
Unlike many of the services on this list, Chipin isn’t just for non-profits or community organizations. You can use it for any project you want.
7. Razoo
Razoo has options for individuals, non-profits, foundations and corporations to raise money for their causes. Individuals can choose to create a fundraising page for any registered non-profit that Razoo recognizes (they have a database of about a million) and non-profits can create custom pages for their organizations and connect with supporters and encourage them to create their own fundraising pages.
What we love about Razoo, in addition to its simple interface and great UI, is that it also offers donation matching for corporations or foundations looking for an easy way to raise money.
8. Convio
Convio offers software for online fundraising and membership, and while its target audience is probably bigger groups or organizations, it’s still worth a look.
For example, Convio’s TeamRaiser lets organizations make it easy for volunteers to create their own websites for tracking and attracting donations.
If you’re organizing a social good fund for a big charity walk or event where volunteers go door-to-door to get donations, check out Convio because it makes managing that process much easier.
9. Facebook Causes
Causes is an increasingly common way for individuals to raise money and start their own funds that are tied to a non-profit. Because Causes is so well-integrated into Facebook, it makes getting the word out and raising awareness and funds for your cause that much simpler.
10. StayClassy
A newer player in the arena of online giving, San Diego’s StayClassy is focused not just on helping non-profits collect donations online, but also manage events and campaigns, track their fundraising results and plug-in.
The world of online fundraising is vast and diverse. What tools have you used when starting your own social good funds? Let us know in the comments.
Brought to you by the class='blippr-nobr'>Mashableclass="blippr-nobr">Mashable & 92Y Social Good SummitThis post was brought to you by the groundbreaking Social Good Summit. On September 20, as global leaders head to New York for United Nations Week — including a historic summit on global issues known as the “Millennium Development Goals” (MDGs) and the annual General Assembly — Mashable, 92nd Street Y and the UN Foundation will bring together leaders from the digital industry, policy and media worlds to focus on how technology and social networks can play a leading role in addressing the world’s most intractable problems.
Date: Monday, September 20, 2010
/> Time: 1:00 to 6:00 p.m. ET
/> Location: 92nd Street Y, New York City
/> Tickets: On sale through Eventbrite
/>
Image courtesy of iStockphotoclass="blippr-nobr">iStockphoto, PinkTag
For more Social Good coverage:
- class="f-el">class="cov-twit">Follow Mashable Social Goodclass="s-el">class="cov-rss">Subscribe to the Social Good channelclass="f-el">class="cov-fb">Become a Fan on Facebookclass="s-el">class="cov-apple">Download our free apps for iPhone and iPad
bench craft company rip off
Nintendo: 4m 3DS sales in first month 3DS <b>News</b> - Page 1 <b>...</b>
Read our 3DS news of Nintendo: 4m 3DS sales in first month.
Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>
iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.
Obama Calls Fox <b>News</b> a `Destructive' Channel - NYTimes.com
The president tells Rolling Stone that Fox News promotes a point of view that is "destructive" to the growth of the United States.
bench craft company rip off bench craft company rip off
Nintendo: 4m 3DS sales in first month 3DS <b>News</b> - Page 1 <b>...</b>
Read our 3DS news of Nintendo: 4m 3DS sales in first month.
Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>
iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.
Obama Calls Fox <b>News</b> a `Destructive' Channel - NYTimes.com
The president tells Rolling Stone that Fox News promotes a point of view that is "destructive" to the growth of the United States.
bench craft company rip off benchcraft company scam
Nintendo: 4m 3DS sales in first month 3DS <b>News</b> - Page 1 <b>...</b>
Read our 3DS news of Nintendo: 4m 3DS sales in first month.
Weather HD comes to iPhone, iPod touch | iLounge <b>News</b>
iLounge news discussing the Weather HD comes to iPhone, iPod touch. Find more Apps + Games news from leading independent iPod, iPhone, and iPad site.
Obama Calls Fox <b>News</b> a `Destructive' Channel - NYTimes.com
The president tells Rolling Stone that Fox News promotes a point of view that is "destructive" to the growth of the United States.
bench craft company rip off