TheDeal.com - VCs see opportunity in blogosphere
By Tom Foremski - August 21, 2006
Better late than never, The Deal on VC investment in GigaOm and Huffington Post:
Increasingly viewed as an alternative to traditional mainstream media, the blogosphere is variously regarded as more opinionated, faster-moving and less factually reliable than other outlets, including an older generation of online journalism. As Softbank's Eric Hippeau pointed out, the popularity of blogs may hold clues to how news will travel in the future.
' We view this as an investment in a news site,' said Hippeau, whose firm invested alongside Apax Worldwide Partners LP co-founder Alan Patricof. ' we think the news of the future will look like the Huffington Post. It includes breaking news, instant commentary, blogs and community, with a comments section that can be almost like a mini-blog.'
Link to TheDeal.com - VCs see opportunity in blogosphere
But why sell to investors? SVW will likely raise the same amount of money as GigaOm this year but from sponsors. No need for cuckoos in the nest (on the board :-)
By Tom Foremski - August 21, 2006 | Permalink | Comment
| Category:
| SVW Toolbar | SVW Newsletter | SVW Mobile
- NEW STORIES:
- 2009: The Year Of The Great Repression
- Letter From London . . .
- FutureWatch: The End Of The News Aggregators And The Future Of News
- Saturday Post: Stemming Deflation When Thrift Is The Answer . . .
- The State Of VC Funding In Southern California
- Shrinking Mass Media Masses At Googleplex
- The Black Swans Have Yet To Come Home To Roost . . .
- No Men Allowed: Girls In Tech Expands To New York, LA, And Beyond
- Let's Take A Lesson From The Chip Industry: Turn The Big 3 Auto Makers Into Car Foundries . . .
- Doug Engelbart In 1968 - The Computer Demo That Changed Lives!