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Announcing a $50K Web 2.0 Venture Fund With Microsoft
Despite the web 2.0 hype and growth of firms of Y-Combinator, the corporate venture investment has not evolved at all. Corporations in general are having a hard time adjusting to the web 2.0 age. When I brought up this idea to Microsoft executives a year ago during a discussion, apparently this is something they have been thinking about for a while. The industry's shifting landscape, ranging from the rise of Google, Facebook, to the rise of RIA and Software-as-a-service, is causing a lot of changes within Microsoft. However, it is time to make some changes to the investment model as well. The $150M investment into Facebook was a bold move. However, I believe Razorspeed is going to work out better for Microsoft over the long term.
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joe commented on the 1 Apr 2008
Just FYI - This looks like an April fool blog entry. |