Social Networking - Tuesday, August 12, 2008
Craig McCaw Invests in Personal News 1Cast
Eagle River Holdings, the VC fund of wireless tycoon Craig McCaw, has led an investment in personalized news service 1Cast. The Seattle PI reports that 1Cast has been under development for 2 years but it has yet to launch.
Repeating our prior comment on ELDR, we can't understand why investors want to put money to work with content companies that have yet to pull in any viewers. The personalized news area, moreover, is a graveyard. A difference here is that 1Cast wants to aggregate video news.
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