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Who is "we"? There are tons of VC investments in media.
by throwaway427 8y ago
Who is "we"? There are tons of VC investments in media.
- mudil 8y agoOk, which ones? Give me examples.
- throwaway427 8y agoThe Athletic, Gimlet, Cheddar, Scroll, Piano, Tastemade...
- drdeadringer 8y agoOut of these, I have heard of only Gimlet Media and that's because I'm neck deep into podcasts.
- nopriorarrests 8y agoNo, they are drying up quite quickly. Consider this: ---cut--- For the media industry, with the investment group shutting down, one of the biggest backers of digital media companies over the past decade has backed out. “What are the bets being made in publishing and content companies and ad tech right now?” said a former executive at a company that was invested in by Time Warner Investments. “There’s zero. It’s just not happening.” [1] ---cut--- And it makes sense, tbh. Most of such investment failed - mashable, mic, buzzfeed, huffpost. Problem is, it seems that media just does not produce unicorns which will allow you to pay for failed investments. [1] https://digiday.com/media/warnermedia-shuts-investment-arm-that-backed-mashable-maker-studios-others/ https://digiday.com/media/warnermedia-shuts-investment-arm-t...