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The Seattle PostGlobe — an online news site started two years ago by reporters who lost their jobs at the Seattle Post-Intelligencer — is closing because many of the volunteer staff have moved on to full-time jobs.

In a message on the site, journalist Sally Deenan writes that the online news site encountered a number of obstacles common to early-stage startups.

She writes:

“Donations have fallen off. Ads have generated no meaningful revenue — ever. We began with no startup money. We obtained no grants. All of which actually provided unusual freedom. But as a volunteer-run site, we’ve run out of helping hands as unemployed journalists have left for jobs. (Which is a good thing!)”

The Seattle Post-Intelligencer — where both Todd Bishop and I worked as technology reporters for much of the last decade — closed down its print operations in March 2009.

It continues to operate an online-only news operation. Earlier this month, the Hearst-owned said that it plans to move to new offices, abandoning the waterfront location where the iconic 18-ton, rotating neon P-I globe is located.

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