Redpoint Ventures to invest in MySpace: Geoffrey Yang, VC with Redpoint Ventures, said he is days away from investing in MySpace; “these guys in a sense are trying to be an MTV for the Internet.”
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Quote of the day
Quote of the day
Joe Cohen, chief operating officer for Match.com:
A lot of services said, ‘Hey, put in your $25, pull the handle and get your partner, It’s not that simple. People were turned off because expectations were raised so high, web sites could only under-deliver.
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Quote of the day
Lorna Borenstein, vice president and general manager of Yahoo Personals, talking about Yahoo! Personals Premier:
We realized that with more people looking for a longer-term commitment, that’s one of the areas our service had to get to and we had to do it quickly. The era of just being able to serve up faces and expecting to succeed in this industry is over.
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