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  • MySpace Founder Set To Make 3 Investments in The Next 30 Days

    Mar
    08
    posted by Sneha Menon on Monday, March 8, 2010 at 3:23pm Categories: Blog

    brad greenspanBrad Greenspan, former MySpace CEO is all set to create a mark in the Singapore startup system by setting up an incubator called Social Slingshot. In an interview with e27, he mentioned that he will be investing in 3 startups in Singapore and will be making an announcement soon regarding this. While most investors who come down here, extoll many virtues of Asian startups but don’t end up investing, Brad has put his money where his mouth is. He has already invested in a Singapore-based startup, ShoppingLifestyle, which is said to be generating six-figure revenues(US$).

    Background

    Brad Greenspan’s resume has the quintessential entrepreneurial story behind it. Having studied in UCLA, he started his first company from his dorm room called Palisades Capital. He went ahead to be the founder of one of the largest and popular social network- Myspace which was sold to NewsCorp in 2007. His other sojourns include Broadwebasia and Liveuniverse.

    Investment Interests

    His investment portfolio is interestingly diverse. Having invested from green tech to consumer web, he is definitely not focused on any particular vertical. After investing in Michigan-based Draths corporation, he feels that Asia has a huge potential in the green tech market. He has previously invested in an previous Asian startup called Accumo, which was focused on meta search and clustering technology. Accumo then became part of Broad Web Asia to penetrate the China search market and the product ended up winning a Red Herring Award.

    Challenges Facing Asia

    When asked about the challenges facing Asian startups, Brad felt that the big issue in Asia is raising capital, but there was light at the end of the tunnel with the Singapore government doing its bit by making money available to startups through its various incubator and entrepreneurship schemes. The other mitigating factor in Asia is the lesser monetization opportunities. He finds that it’s hard to find a strategic fit between companies in Asia to provide value in terms of traffic or ad revenue. This is why he feels that with different categories of startups under his incubator, they can generate value for each other and create internal channels for revenue generation.

    Well, it will be interesting to see how Brad will take advantage of the robust oppurtunities in Asia to give a boost to the startups here. We have our eyes and ears open for what are his other three investments in Asia and you should definitely watch out for this space to find out more.

    [Picture Courtesy: www.smh.com.au]

    BrGreenspan, Former mySpace CEO is all set to create a mark in the Singapore startup system by setting up an incubator called social slingshot. He was in town to attend the inaugral TCF event where he spoke about different ways of ….In an interview with e27, he mentioned that he will be making an announcement soon on the 3 startups he is investing in. When prodded more, he confessed one of the startups is in the video streaming technology.
    Background
    Brad Greenspan’s Resume reeks of a quintessential entrepreneurial story. Having studied in UCLA, he started his first company from his dorm room called Palisades Capital. He went ahead to be the   Founder of one of the largest and popular social network- Myspace. His other sojourns include Broadwebasia and Liveuniverse.
    His interest in Asia
    His investment portfolios are as diverse as this continent. Having invested in Green tech to consumer web, he is definitely not focused on any particular vertical. After having invested in Dratus corporation he feels that Asia has a huge potential in the green tech market. He has invested in one previous Asian startup as well called Acumo – which did meta search and developed a clustering technology. Accumo then became part of Broad web Asia to penetrate the China search market and the product has won Red Herring Award.
    Unlike investors who don’t put their money where their mouth is – i.e coming to S’pore, extolling its many virtues and then not investing in Singapore based startups, Brad has already invested in Shoppinlifestyle, a singapore based startup and he is very excited about this site that is said to generate more than 300,000 in revenue.
    Thoughts about Asia
    Regarding challenges facing Asian startups, he feels that Raising Capital in Asia is a big problem and is being addressed well by the Spore govt. There are also very monetization oppurtunities in Asia. He finds that it’s hard to find strategic fit between many companies to provide value in terms of traffic or ad money. This is why he feels that with startups under his incubator, they can take the added advantage of his other startups and create internal channels for revenue generation.
    Well, It would be interesting to see how Brad will take advantage of the robust oppurtunities in Asia to see the much needed boost to the startups here.
    What set his incubator apart
    We have our eyes and ears open for what are his other three investments in Asia and you should definitely watch out for this space to find out more.Brad Greenspan, former MySpace CEO is all set to create a mark in the Singapore startup system by setting up an incubator called Social Slingshot. In an interview with e27, he mentioned that he will be investing in 3 startups in Singapore and will be making an announcement soon. Where most investors who come down here, extoll many virtues of Singapore startups but don’t end up investing, Brad put his money where his mouth is. He has invested in a Singapore-based startup ShoppingLifestyle which is said to be generating 6 figure revenueBackgro


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