Tim Draper, one of the world’s most successful and influential venture capitalists who manages some $7 billion in VC funds, is bullish on content companies. This is quite a shift for the big Sand Hill Road VC’s who have steered clear of content companies.
He told my buddy AlwaysOn founder Tony Perkins yesterday in this interview that content providers are becoming more important and he is starting to invest in the space.
The principal reason that content creators are becoming valuable in the eye of venture capitalists is because the avenues of online syndication have changed everything. Anyone can be a star! We agree with you Tim.
One his most high profile content company investments is Glam.com, which Draper says is the "fastest growing company on the face of the earth." He notes that it’s growing faster than Hotmail and Skype, two of his past investments.
Tim was the keynote speaker at the Always On conference in Manhattan. You can watch the session as a live stream today.
You can grab this video of Tony and Tim right here.
– Andy Plesser