File sharing company BitTorrent raises $20M
Plenty of rumors have circulated about BitTorrent, the popular San Francisco file-sharing company, speculating on its latest funding round and the fate of its brilliant chief executive.
Here’s word from the horse’s mouth: BitTorrent has raised $20 million in its second round of capital, led by Silicon Valley firm Accel Partners, the company told VentureBeat earlier Thursday. Existing investor DCM participated. And while we don’t know what will happen with Bram Cohen, we came away from… Continue Reading
Web 2.0 investment booms (data on big players & note on Intel)
Updated
Web 2.0 start-up activity is hot, and here’s the latest data.
Venture capitalists invested $455.5 million into Web 2.0 companies in the first three quarters of the year, more than twice the amount invested over the same period last year.
This comes from the latest survey by Dow Jones VentureOne, which continues to do the best research on the Web 2.0 area. It gets help from accounting firm Ernst & Young.
Overall, more than $1.63 billion has been… Continue Reading