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16-yr old launches Vye music-sharing site. Another Napster?
Michael Kassing
MarkTend.com
http://collegemogul.com/11/16/08/Skoobit-The-Ne...
I wouldn't necessarily consider this a web investment though. Yes, they have a web interface, but pretty much every business does now a days.
VC investments shouldn't necessarily stop in a down economy. Risk hasn't increased, its just changed. VC firms who have cash now to invest, should. Startups will be struggling to find add on investments and those firms that can provide that cash will probably be able to command high equity stakes for less money.
Just look at Accel Partners, they are ready to make a killing being able to "buy low, sell high later" with their recent $1 billion dollars that they just pulled in for two funds.
http://collegemogul.com/12/15/08/Looking-for-Fu...
I should just go join Skoobit and help them get funded.
However, all of these guys will have trouble once Amazon is able to get textbooks on wide screen kindles.
http://www.edhardysell.com
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