"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.
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Web 2.0 Quote of the Day
by
Mark Evans
on Mon 21 Aug 2006 08:09 AM EDT | Permanent Link
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