Easy. Pretty much the ONLY stories the tech press seems to write about are VC-backed companies and their funding. The act of raising venture capital is so over-romanticized, by the press and by entrepreneurs. Revenue, growth, actual interesting IP or real customers, are so much better to write about. But it’s hard to get data on that. Raising capital is a clearly identifiable event and easily publicized.
And, as a founder of yet another event discovery app some years back, I’m not surprised YPlan went under. It’s not a market for startups, as I wrote awhile back: https://medium.com/@viking2917/so-you-re-thinking-about-a-things-to-do-app-f31d2a608580#.ix4jom3v1