Hey Alex,
Will you be in Portland during the Stumptown show a few weekends from now? If so, I would be glad to talk to you during the show. (Or, if Peter wants to come up and say hello and ask me questions, that's cool too.)
One thing I noticed from a quick look at the website as someone who would be interested in submitting a comic is that the format guidelines are vague. Here's what I'm talking about.
"WHAT DIMENSIONS SHOULD MY ARTWORK BE?
We'll print any dimensions, but vertically-oriented or square cartoons will be easier to fit into our format than horizontally-oriented ones."
Then later
"...we'll allow MUCH more space for the creative artist to strut than a newspaper does. But the more pages your submission takes up, the less likely it is we'll print it. A six-page comic will have a harder time making it to the finish than a one-pager, for example."
If you want the paper to look professional, you want people to draw to your formats (rather than attempt to shoehorn in art not formatted to your paper's aspect ratio). As it stands if I wanted to draw a full page comic I have no idea what size to draw it at.
And second, in order to make money to pay for the printing as well as the submitting artists, you need to sell advertising. (More than you think you need to.) And even once you have a sample issue printed advertisers aren't just going to fall into your lap. It's a lot of work. A LOT OF WORK. Matt's done a great job in getting advertisers in the latest issue of MB, but even then I think we barely covered the print run. Paying artists is still a ways off. You're going to need someone with sales and marketing skills to sell enough ads to cover all your costs.
Honestly, from what I see out of the website I can't tell that there is much of a business plan other than "let's put out a newspaper". The front page states that the paper will be available in over 1000 Portland locations, something that would require a huge amount of work to accomplish, but the website makes it look like a one-man operation. How's he going to get the papers to all those places? What are those places? While we put out MB mostly because it's fun, your friend seems to want to turn the paper into a business. Please compare the tone and information presented on the Bang website to the tone and information presented on this local magazine's website:
http://frederickgorilla.com/ I know it's a bit like comparing apples and oranges, but if you were a local business owner, based solely on these two websites, which would you give your advertising dollars to?
Okay, that was a longer and rantier post than i had intended...I hope this helps, and I really do want to submit something.