Internet investor Calacanis launches Inside app

With the media business in a prolonged period of reinvention started by the Internet and accelerated by mobile devices, startup news businesses are attracting increased investment attention. Internet investor Jason Calacanis launched news app Inside for a piece of the action, offering a novel take on news readers.

Inside is a heavily curated summary of news that digests original media reports. "Instead of trying to do link baiting or slide shows or getting you to click thru and waste your time, we're trying to do the opposite -- give you ten facts in 300 characters, or 40 words," says Calacanis. Calacanis has hired Gabriel Snyder, a former editor for Atlantic Media, Gawker and Newsweek, as Inside's chief content officer. Inside promises a staff of "dozens" of curators 24 hours a day summarizing the top 1,000 stories in the world. Inside will allow people to select sections of news they want and get those quick-read updates that link to the original story. If a reader swipes horizontally on the news summary, past related stories to that topic can be viewed in chronological order, providing a quick timeline on news events.