ValleyWag points to Jason Calacanis’ new deal with Sequoia Capital. More importantly, they take time to explain what it means.
This is further evidence that Sequoia is investing seriously in an area that Silicon Valley venture capital has typically avoided: media. Used to be that VC firms demanded proprietary technology as a pre-condition of investment. But the success of venture such as Youtube has shown that user interface and speed of execution can be more important than technology in providing some kind of sustained advantage. The investment by Mike Moritz, Sequoia’s most influential partner, in Popsugar, the gossip site for women, suggested a shift. The embrace of Calacanis confirms it.
No doubt, The Zero Boss will be happy with the news.
