Digital Sky Technologies Aims $1B Digital War Chest at Asia, Australia and UK
Yuri Milner, Digital Sky Technologies’ CEO, continues to raise successive funds around digital investments, following money into Facebook, Groupon, Zygna and the recent April acquisition of AOL’s ICQ. With a new $1B war chest – or warhead – as its next stage of funding, DST will likely be adding $10-$100M+ to digital companies that do not have the same media cache as digital brands in the States.
Strong in the social space already, expect DST to pursue digital companies who are already profitable, partner well with the Facebook mothership, and scale very well. Read more >>
X|Media|Lab: Brains Bursting in New Zealand
Per Keith Barclay in Screenhub, an overview of the X|Media|Lab event in Auckland. Excerpts below:
The keynote address day at X|Media|Lab contained more than enough information and ideas to make one’s head explode several times over. Commercialising Ideas was an outstanding success, judging by the responses at the end of the day. Even the attendees not participating in the Lab, at which sixteen teams worked with mentors to develop their projects, left the venue buzzing and shell-shocked by the vast array of experience and wisdom on offer. Read more >>