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News companies as tech companies: Some venture capitalists say yes

from Donald W. Reynolds Journalism Institute

For years, the drumbeat among venture capitalists has been that content is expensive and is not worth their investment. But we’ve seen a turnaround, and the question is, why now? The answer may simply be optimism. Hamish McKenzie and Sarah Lacy noted in Pando Daily that a number of content companies have flourished: Vice, Business Insider, Bustle, PolicyMic, NowThisNews, Vox and Upworthy. more

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