"Web 2.0 is a great way to raise money" - Kevin Rose, founder of Digg.com, at last week's Digital Hollywood Show (Source: SJ Mercury). How should one read this statement? Is Rose saying it like it is, or poking fun at all the VCs scrambling to give money to cool start-ups with uncertain business models? It's a probably a little of both.
   Speaking of Web 2.0 investment fun, Friendster (remember them, one of the original social networking services?) has just raised $10-million. Peter Cashmore suggests the funding may be linked to a patent that Friendster was recently awarded that may let it legally pursue Tribe, MySpace and Facebook for some licensing fees.