VCs Bet On YouTube Channels

Wall Street Journal, Friday, August 10, 2012 12:33 PM
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Venture capital firms are investing heavily in YouTube channels like teenage-targeted AwesomenessTV, betting that video content providers have "the potential to eventually become global media companies," writes Matthew Wong. "This is the third wave of programming from broadcast to cable to YouTube,” is the money quote from Mark Terbeek, a partner at MK Capital, "which led AwesomenessTV’s $3.5 million Series A round."

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