Erin Griffith

VCs Sending Big Money to Media

First-quarter venture capital investments rose by 35 percent over last year, aided by big plays in social media, gaming, and online shopping companies. According to data released this morning from Dow Jones VentureSource, venture capital devoted to Web-heavy consumer media companies tripled over the same period in 2010.

Now Even Music Industry Ignoring MySpace

Further evidence that MySpace is rapidly drifting out of relevance: It’s even being abandoned by services catering to music acts, which were among the site’s early adopters and once-core traffic creators.

IPO-Bound Zillow Diversifies From Display

In three years, online real estate marketplace Zillow has transformed its revenue model from a heavy reliance on display advertising to a stronger position as a broker of mortgage deals and a seller of subscriptions. The success of that pivot, apparently, is what positioned the company to go public.

Loyalize Tries White Label Approach to Check-In

For agencies, networks, consumers, and investors, social entertainment check-in apps are white hot. So hot, in fact, that some industry observers expect a quick blow up and burn out, especially for apps sold directly to users.

Agencies Get Into the V.C. Business, But Why?

Venture capital has again become a pretty cool gig—cooler, in fact, than advertising. Which may explain why in recent months, an influx of agencies has wandered into the risky business of investing in media startups.

Sean Parker, Eric Schmidt, and Peter Chernin Not Enough for Raine

They debuted last year’s largest new fund, and their investor list is a veritable who’s who of digital media investing. But SEC filings on Raine Group’s fund closings reveal that the private equity firm, launched by two well-connected investment bankers, could be losing steam.

Digital Media Drive First Quarter Venture Fundraising

Venture capital fundraising is back in a big way, driven largely by brand name funds with marquee investments in digital technology and media. In 2011’s first quarter, capital commitments to venture funds almost doubled over the same period last year, according to data released today by Dow Jones LP Source.

Freston, Raine Group, WPP Back More Vice

Vice Media, peddler of provocative magazines, books and video, took a significant outside investment Tuesday from a close-knit, if not incestuous, set of deep pockets. Advertising and media conglomerate WPP, […]