drag2share: How Three 20-Somethings Built Elite Daily, A Site With 40 Million Readers, With $60,000
Elite Daily, a news website with 55 employees and 40 million monthly uniques, just raised a $1.5 million convertible note (a type of debt) from Greycroft, Vast Ventures, Red Sea Ventures, SocialStarts, and angel investors.
The funding is the first outside capital the startup has ever raised. Three founders, who are all younger than 30, built a media property that rivals traffic of sites such as Upworthy, Wall Street Journal and even Business Insider in just two years on a bootstrapped budget.
While undergrads at Pace University, David Arabov, 23, and Jonathan Francis, 28, pooled together $60,000 with another friend, Gerard Adams. None of them had media or technology experience, but they had a lofty ambition to create The Huffington Post for millennials.
"We were supposed to go to law school, we took the LSATS and everything," CEO David Arabov told Business Insider in an interview. "But we didn't think traditional media had done a great job of creating content online, and newer publications were pretty niche."
The architects' solution was to create multi-level “living platforms" in order to squeeze everything in, but still make it feel open.
One of their goals was to create a flowing interior "that dissolves the notion of distinct 'rooms.'"
A cantilevered bed on steel beams floats over the main living space on the third floor.
And the tiny bathroom is tucked beneath the stairs.
Which now have a ton of storage space. They feature built-in drawers and shelves, similar to Japanese kaidan dansu. 
The roof garden at the top allows light to radiate throughout the apartment. 
Pretty impressive. It's hard to tell that this was still the same apartment.
Compare it again to the new space:
Samsung makes a lot of different tablet models under the Galaxy name, but the Galaxy Tab S will be marketed as the company's flagship brand. It's priced the same as the iPad Mini and iPad Air. The 8.4-incher starts at $399; the 10.5-incher starts at $499. (Those are the prices for the Wi-Fi models with 16GB of memory. Samsung will launch a 4G LTE version later.)
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