A golden age of funding for media companies? Not quite

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This week there’s been a lot of back-slapping of Business Insider’s near $ 500 million exit. And why not? It’s the largest blog exit we’ve seen to date. So much so, that as Paul reported it’s created a mercenary streak among young reporters who hope to find a place they like and “crank” until it sells.

Earlier this week, here in Chicago, I was invited to give a keynote about the health of media companies. The BI sale prompted me to dig out some stats on the apparent change in heart venture capitalists have had towards content.

I’ve certainly lived that change in just the three in a half years Pando has been around. When Marc Andreessen invested personally in Pando, the firm’s bylaws allowed him to do so because they would never invest in a content company, meaning there would be no conflict. Fast forward to today, and Andreessen Horowitz is one of the largest investors in Buzzfeed.

My hunch was that yes, things have changed a lot since Jonah Peretti tweeted this:

But that compared to the broader landscape money going to content was still chump change, dominated by a few promising companies, and not many exits. I was more right than I’d realized…

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‘View Hidden Photos of Anyone on Facebook?’ Not Quite, But …

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PicturebookBanner650It may not quite allow you to “view hidden photos of anyone on Facebook,” but Picturebook, a browser extension for Google Chrome, does provide a reminder for privacy-conscious Facebook users to untag themselves from photos that they don’t want other users to see.

Karissa Bell of Mashable pointed out the inaccuracies in Picturebook’s product description, saying that the browser extension cannot alter Facebook’s privacy settings, and that the only photos it “finds” are those that users hid from their Timelines, which can still be viewed by other users who were granted access by the original user’s privacy settings.

Bell pointed out that Facebook reminds users that photos they hide from their Timelines are still visible by others, adding that the safest way to ensure that photos are not seen by others is for users to untag themselves.

Readers: Have you had any issues with Facebook photos?

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