News Corp’s Levinsohn was caught raising roll-up fund
So you thought Ross Levinsohn, the News Corp exec who saw his stature grow after masterminding the acquisition of MySpace, left voluntarily?
So did we.
AlwaysOn’s Tony Perkins, however, provides the real scoop (click on image).
According to Perkins, Levinsohn (pictured left) was forced out when News Corp discovered that Levinsohn was raising money to start his own venture fund. VentureBeat confirmed this Thursday with someone who had talked with Levinsohn.
Here’s what Perkins tells the D7TV interviewer:… 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