Now a $260M Entertainment meets 2.0 Fund

mari noche
Originally uploaded by Ram!.

Post Myspace/NewsCorp transaction, it's all happening, we are on our way to the one billion dollar 2.0 fund. Ultimately all this capital is related to Google's valuation and potential M+ by GEMAYA. (goog, ebay, msn, aol, yhoo, amzn) Now, I better clean up that Open API 2.0 Webvan Virtual Tagging Ajax Search Engine Play. From PaidContent quoting Variety (early-stage investments in "the conflux of media, entertainment and technology.") : "Spark Capital is a new Cambridge, MA-based firm being launched today, with a $260 million fund. Founders: Dennis Miller, who was executive VP responsible for production and original programming for TNT from 1990-95; Todd Dagres, who notably backed Akamai while a partner at Battery Ventures; and Santo Politi, former president of new media at Blockbuster, who was responsible for figuring out how to move the video-rental giant into digital-broadcasting and VOD services. Other partners include Paul J. Conway, former chief financial officer at Charles River Ventures, and Bijan Sabet, previously an entrepreneur-in-residence at Charles River. The new firm is eyeing a rash of new firms that want to track advertising reach as ad models shift, to provide more accountability to advertisers, and others that are trying to transform so-called peer-to-peer networks -- huge but largely illegal aggregators of music fans -- into legit businesses. Spark is also looking at the evolution of video search engines.."