 | This article is an autobiography or has been extensively edited by the subject or by someone connected to the subject.(May 2023) |
Chris Richmond | |
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| Born | Christopher Richmond July 29, 1986 Oakland, California, [1] U.S. |
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Chris Richmond (born July 29, 1986) is an American businessman and entrepreneur. [2] He founded a television streaming site called ShareTV.com, co-founded an adtech platform called Proper Media and acquired websites such as TV Tropes, Snopes, and Salon.com. [3] [4]
Richmond founded his first large website in 2007, called ShareTV.com. [5] This became one of the first online distribution partners of HULU and TheWB, [6] and was one of first sites to stream the Oscars online. [6]
In 2014, Richmond, along with his business partner Drew Schoentrup, acquired TV Tropes, a wiki geared toward fiction writers. [7] To announce the purchase, Richmond and Schoentrup launched a Kickstarter campaign to ask the members for their help in improving the project. The campaign raised more than $100,000 in donations. [8]
In 2015, Richmond co-founded an adtech platform called Proper Media. Its first official client was Snopes.com, the largest and oldest fact-checking website on the web. [9] After a year, Proper Media purchased [10] a significant stake in Snopes.com. There was a legal dispute [11] regarding whether Proper Media purchased 50% or 40% of Snopes.com. The dispute started in 2017 and continued until 2022, when Richmond and Schoentrup bought out all other shareholders of Snopes. [12] [13]
In 2018, Richmond helped with his 3rd acquisition by acquiring Spoutable.com under Proper Media. [14] This acquisition added eight employees and nearly doubled the reach of Proper Media. [15]
In 2019, Richmond and his business partner completed the acquisition of Salon.com for $5 million from Salon Media Group (OTCQB : SLNM). [16]
In 2021, after 6 years of year over year growth with Richmond as CEO, Proper Media was sold to Sovrn Holdings. The terms of the acquisition were not disclosed. [17]
In 2022, Richmond took over as CEO of Snopes after completing the transaction with Schoentrup to buy out the other shareholders. [13] [18]
In 2023, Richmond and Schoentrup sold Salon.com for an undisclosed sum. Salon was nearing bankruptcy two decades on, when they bought it, in 2019, for $5 million. Nobody was laid off from the newsroom under Richmond and Schoentrup’s tenure. [19]
Richmond started out at ShareTV.org and was completely unable to obtain the commercial equivalent, ShareTV.com, from a cybersquatter. In 2013, Richmond won a lawsuit for ShareTV.com against the cybersquatter, despite the fact that they owned the domain seven years before ShareTV began its trademark. [20]
As of 2016, Richmond was engaged in a lawsuit against Snopes over whether he and Drew Schoentrup own 50% or 40% of Snopes. [21] [22] As a result of this dispute, ad revenue was withheld from Snopes.com and its founder David Mikkelson launched a GoFundMe campaign to keep Snopes.com running. [23]
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