Media startups appear to be enjoying a renaissance. Big name journalists are leaving established news brands to start their own sites. Jeff Bezos and Pierre Omidyar are pouring hundreds of millions of their own money into hard-nosed journalism. Star VCs like Marc Andreesen are talking about the untapped potential for news. Investors are funding companies creating high quality editorial content, where before they shunned anything but user-generated content sites that could easily scale.
Is this trend here to stay and what is the appeal for investors now? Hacks/Hackers is hosting a conversation between two investors, Jeremy Liew of Lightspeed and Roy Bahat of Bloomberg Beta, to discuss what's really going on and how they view the changing media startup landscape.
Jeremy Liew is a Partner at Lightspeed Venture Partners, and invests primarily in the Internet and mobile sectors with a particular interest in massive-scale social media, commerce, gaming, financial services, and methods for increasing monetization. Jeremy’s current investments include Snapchat, Whisper, LivingSocial, Bonobos, Kixeye, PetFlow, Slice, The Honest Company and Zest Finance. Previously, Jeremy was with AOL, first as SVP of corporate development and chief of staff to the CEO, and then as general manager of Netscape. Jeremy joined AOL from InterActiveCorp (originally USA Networks), where he was VP of strategic planning. While there, he was responsible for acquisitions, divestitures and investments in TV Networks, consumer Internet companies and online travel companies.
Roy Bahat is the head of Bloomberg Beta, a new $75 million venture fund backed by Bloomberg L.P. Headquartered in San Francisco with a presence in New York, Bloomberg Beta is focused on investments in the world of work, and invests purely for financial return. Roy is also chairman of game console maker OUYA, and a lecturer at UC Berkeley, teaching the media course at the Haas School of Business and the School of Information. Roy spent five years leading News Corporation’s IGN Entertainment, an online media company with a monthly audience of 70 million people, a top 10 YouTube channel, and the leading website in its category in almost every market globally.
7:30 pm Event ends