VCs see opportunity in blogosphere
Venture investors normally cite the strength of a company's management team as a key reason for investing in new technologies and ideas. But two new venture investments in widely read Web logs, or blogs, have taken this concept to a new level: investing directly in people for the content they produce.
Earlier this month, Softbank Capital of New York led a $5 million first round of funding for political group blog Huffington Post, the site operated by columnist and one-time California gubernatorial candidate Arianna Huffington.
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