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An interesting thing I think nobody seems to be talking about with this deal is the marriage between media platforms and venture capital [1] There are big ince
by AVTizzle 12y ago
An interesting thing I think nobody seems to be talking about with this deal is the marriage between media platforms and venture capital [1]
There are big incentives for investors to take part in media plays. Look at some recent patterns:
- PandoDaily backed by Peter Theil, Tony Hseih, SV Angel Lerer Ventures, etc…
- BusinessInsider backed by Bezos, Marc Andreeson, RRE, and more (to the tune of $30M+!)
- Washington Post owned by Bezos
- BuzzFeed itself was co-founded by Kenneth Lerer of Lerer Ventures (same team behind HuffPo)
Even if there are firewalls and a commitment to journalistic autonomy/integrity, when you invested in a media company, your interests align with theirs from the very top.
[1] http://crewlab.net/buzzfeed http://crewlab.net/buzzfeed