In the Publishing Insider
story 'Berkeleyside' Raises $1M From Readers
In Direct Public Offering
published on April 16, 2018, Berkeleyside
was reported to have embraced the DPO model in lieu of other revenue streams.
However, the news
site continued to build its membership and live events programs, alongside the DPO. It used only part of the $1 million raised and has not invested all of the capital to date.