The round had full participation from all of uTest's previous investors, including QuestMark Partners, Scale Venture Partners, Longworth Venture Partners, Mass Ventures, Egan-Managed Capital and Mesco Ltd.
Mr. Omidyar also confirmed that he would be personally financing just such a new "mass media" venture, where he will be joined by the journalist Glenn Greenwald of The Guardian, the British daily.
REUTERS Founder of eBay to Back New Media Venture | The technology billionaire Pierre M. Omidyar, who founded eBay, said he plans to personally finance a new "mass media" venture, where he will be joined by the journalist Glenn Greenwald of The Guardian.
For all of his attempts to depict his campaign as a mass grassroots venture, the Obama win relied on corporate cash, as do most successful candidacies for national office.
An even more mass-market venture capital product, the meVC Draper Fisher Jurvetson Fund I, is already in a slump.
General Catalyst, a Cambridge, Mass-headquartered venture capital firm, which has recently opened offices in Palo Alto, CA and New York City, hired Gupta as an intern during the school years, a full summer internship, and during his senior year, offered him a full-time position in Harvard Square.
The round was backed by Force Over Mass, Round Hill Venture Partners, and Zag (the venture arm of global creative agency BBH).
MANY out-of-towners still appear to be steering clear of New York -- hotel vacancies remain up, theater attendance down -- but what about those who have no choice, the stalwart, working masses who must venture there every day?
PPR's mass-market retailing venture is called Redcats.
Toshiba and Matsushita have formed a joint venture to mass produce OLED displays.
Silicon Valley has a critical mass of entrepreneurs and venture capitalists and, more importantly, a culture of turning whizzy ideas into profitable businesses.
