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).
The company's focus is primarily in the provision of downstream products and services to a mass market through joint ventures, strategic alliances, licensing agreements, and distribution arrangements.
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.
Mass Appeal, a joint venture that's both reviving the Brooklyn-based, graffiti-focused magazine of the same name and also moving into online content, is announcing that it has raised $1.2 million in funding.
