RSS = Really Serious Scratch
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Written By Reprise Media | July 1, 2005 | Share This
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If you don’t know what those three little letters stand for, chances are you will soon. An investor group announced yesterday the creation of a $100 million dollar fund dedicated to the development and advancement of RSS.
The fund will focus on technologies including news aggregation, blogs, and new types of search engines as well as RSS appplications that aggregate data in the financial and medical fields. Investors include Jim Moore & John Palfrey (Berkman Center for Internet & Society, Harvard Law), Richard Fishman (MacAndrews & Forbes Group), and Steve Smith & Tom Crowley (Ritchie Capital Management).
Matt Marshall of SiliconBeat has the backstory of how this came to be, including what role web publishing guru Dave Winer may have played in all this.
If anyone thought the hype around RSS was just hype, news of this deal certainly puts some real cash behind those claims. We said earlier in the year in our 2005 Predictions that RSS was going to be a big deal. Here’s an excerpt:
“Much like blogs, many are downplaying the advertising potential of RSS feeds, saying its a case of too much hype too early in the game. We think, if properly handled, feeds may represent an incredibly relevant and effective new marketing channel.”
On a related note, Feedster got VC funding earlier this month. Read about it here.
Topics: Investment, M&A |