And, he says, he's learned some valuable lessons about the business from the venture. Judging by the growing list of e-casualties, the field of dreams has turned into a nightmarish morass for many politically oriented Web startups.
Insiders say that overzealous spending at the conventions contributed to the company's demise.
Meanwhile, a number of other political sites are struggling or on life support. But Medinex representatives said the deal fell through because it didn't square with the company's recent restructuring and cost-reduction measures. BusinessWeek recently reported more than three dozen Internet startups have shut their doors since January and some 17,000 people have lost their jobs, according to an outplacement firm contacted by the magazine. The Freedom Channel was founded on the presumption that you could not turn a profit on e-politics and I think that's proving to be true. Those companies that relied simply on banner ads to boost revenue received a rude awakening - no one was paying attention to the ads.