As announced the other day (you can find the article on Techcrunch), DailyMotion received a $34 million round of funding from Advent Venture Partners and AGF Private Equity. This is good news for video sites, and also interesting because DailyMotion is a French company and this is a pretty big cash injection for a European start-up. Also on Techcrunch, it was announced yesterday that Ross Levinsohn formerly of Fox Interactive Media and Jonathan Miller, the former Chairman/CEO of America Online have partnered with a large hedge fund to create a new VC investment group. This is all good news because given what's happening in the markets now, it's still not clear if the credit crunch is going to impact VC investment as much as people are saying it's going to put the breaks on private equity.
Saturday, September 1, 2007
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