Movie startup Blowtorch flames out as Ignition’s bad luck streak continues
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Blowtorch Entertainment is a new media movie company founded in late 2007 by CEO Kelly Rodriques, who had previously sold managed services startup Totality to Verizon in 2005. Blowtorch’s plan was to produce video content for 18-to-24-year-olds. Ignition Partners, where Rodriques had been an operating partner, invested an undisclosed amount in Blowtorch’s initial $50 million round.
But a report on VentureWire today listed Blowtorch as the latest non-success in Ignition’s portfolio. “Blowtorch’s future is in doubt… Continue Reading
Blowtorch: Offers group-created movies
These days, it’s easy to shout “bubble” in the crowded theater of online video startups. Only YouTube has been a runaway success — but even YouTube hasn’t proven it can make money. Yet online video sites continue to raise millions of dollars in funding.
Blowtorch, a California company that has just launched with $50 million in funding, joins the crowded field. But it has a new twist at least: It will produce films based on ideas… Continue Reading