BitTorrent -- Cisco of the digital content revolution?
Or so says Om, here, after meeting with the supremely confident chief operating officer of BitTorrent, Ashwin Navin:
...A recent San Jose Mercury News article [free registration] resulted in over a dozen VCs reaching out to the company. Bit Torrent could be one of those start-ups, that VCs can go nuts about.
Think about it. In today‚s Silicon Valley, there is so much cash sloshing around, that some of the smartest money managers on the planet, the guys who have turned more pennies into dollars than I can even dream off, aka Sequoia Capital and Kleiner Perkins, are ready to pump in $8.5 million into a promise of an aging hipster‚s ability to turn podcasting into a mega-business. Or that, another equally pennywise bunch is ready to invest a few million more, in another Podcasting start-up, Odeo. If those companies can snag millions, then Bit Torrent is definitely worth a lot more. Let me put it in the old world terms. The podcast start-ups of today are like Wine.com today, while Bit Torrent is Cisco of the digital content revolution...
And here's another skeptic on the podcasting VC trend.
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