From our founders: How NewsCred started
We founded NewsCred in 2008, and this is a story of perseverance. The initial idea for NewsCred was seeded in Dhaka, Bangladesh where we came up with a vision that has guided us ever since: finding a way to surface high quality journalism. At the time, we didn’t know how big a business it could be, but we all knew it was important.
With the three of us working on three corners of the planet (Asif in Philadelphia, Iraj in Dhaka, Shafqat in Geneva), we quietly went about building a consumer facing news site that gave readers the ability to rate, tag, comment and vote on the quality and credibility of news. That is where the NewsCred name came from. It was a bold and ambitious challenge, but ultimately not suited as a scalable business. Through ups and downs, we iterated quickly and focused on building out the two core assets of our business: premium content and world class technology. We knew that if we could use technology to organize all the world’s news, we could build a company that would have impact on the world.
We tried many models, but the three of us always listened to the market and our customers. And after five years of perseverance, patience and constant iteration, we finally hit our stride and NewsCred blossomed into the business you see today. We moved the headquarters to New York in order to be closer to our partners, customers and investors, but still have a world class team in Dhaka.We now serve the needs of both publishers and marketers. We’ve doubled down on our core assets, and are privileged to work with some of the smartest and most passionate people in the world. As three Bangladeshis, we’re proud to have built so much of our business in Dhaka, and pouring our energy, finances, heart and soul into the country we are so proud of.
Ultimately, through all the pivots, we’ve never strayed from our core purpose to help journalism survive and thrive. And above all, we’ve learned to never ever, ever, ever give up.