p2pnet news view P2P:- Do you reckon RSS is dead? Steve Gillmore does.
“It`s time to get completely off RSS and switch to Twitter,” he said in TechCrunch in May, going on, “RSS just doesn`t cut it anymore. The River of News has become the East River of news, which means it`s not worth swimming in if you get my drift.”
Then, “things got even worse” when, “news leaked that former Feedburner chief Dick Costello has agreed to join Twitter as chief operating officer,” he says.
So what about RSS Investors, “a venture capital firm formed in 2005 to focus exclusvely on real simple syndication”? – Dan asks.
Answer? It’s, “even deader than RSS”.
“The firm launched with a press release touting the creation of a $100 million fund, says the story, continuing, “but that was basically a PR stunt. RSS Investors wanted to raise $100 million, but had only $20 million from a cornerstone commitment by Ritchie Capital. As Palfrey told me … it never raised additional funds (Palfrey adds that Ritchie Capital`s subsequent troubles played no role in RSS Investors` demise).”
It invested in companies such as Attensa, KnowNow (defunct) and Edgeio (assets sold to Vast.com), “But new deals stopped when RSS Investors ran out of cash, and the decision was made to close up shop,” says peHUBm adding:
‘We never officially dissolved the fund, but we stopped making investments and everyone`s moved on to other things,’ said Palfrey, who now teaches law at Harvard and is a venture executive with Highland Capital Partners. ‘The only active investment we have left is StyleFeeder, here in Cambridge’.
Now you know.
TechCrunch – Rest in Peace, RSS, May 5, 2009
peHUB – RSS Is Dead, So Is The RSS Fund, September 2, 2009
Use free p2pnet newsfeeds for your site. It`s really easy!
Subscribe to p2pnet.net | | rss feed: http://p2pnet.net/p2p.rss | | Mobile – http://p2pnet.net/index-wml.php
Net access blocked by government restrictions? Use Psiphon from the Citizen Lab at the University of Toronto. Go here for details.