Clarification: 'Berkeleyside' Revenue Streams And DPO

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.

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