Monday, August 21, 2006

VCs see opportunity in blogosphere - New York Times

"'We view this as an investment in a news site,' said Hippeau, whose firm invested alongside Apax Worldwide Partners co-founder Alan Patricof. 'We think the news of the future will look like The Huffington Post. It includes breaking news, instant commentary, blogs and community, with a comments section that can be almost like a miniblog.'
Similarly, Malik's blog is notable for breaking tech stories nearly every day, particularly in the areas of broadband Internet and the new communication technologies collectively known as Web 2.0. Malik offers opinions, speculates on future possibilities and responds to others in the blogosphere, creating a site widely regarded as a must-read among Silicon Valley watchers. The site now includes additional entries from four other writers and sports a support staff of five. "

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