So I haven’t posted in forever but thought I’d get back in the game. This particular story struck me as post worthy. The New York Times’ DealBook is reporting that Austin Ventures is partnering with former Intermix CEO Sherman Atkinson to create a new media company called Atcor Holdings.
The venture capital firm is handing over $50 million to help Atcor pursue a rollup strategy for companies in the $25 to $75 million revenue range. This is on the heals of the announcement in April to hand over $50 million to Jeff Dachis of Razorfish fame to create a social networking rollup company.
One wonders if either of these new holding companies/funds will be used to rollup existing digital media companies currently in Austin Ventures portfolio. I’m looking at you Bazaarvoice, Powered, FameCast, On Networks, NetStreams, and Slacker.
2 responses so far ↓
1 Jeffrey Dachis // Jun 26, 2008 at 5:14 pm
That may be an interesting place to start, but I dont think so (speaking only for myself)
2 Zack // Jun 26, 2008 at 6:14 pm
I can only speculate. Thanks for the response.
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