Feb
13
“MySpace CEO Chris DeWolfe plans to be closely involved in the venture, which News Corp. has seeded with $15 million to hire roughly 40 employees, mostly software developers, say people with knowledge of the plans.”
Rupert Murdoch’s New Startup Incubator
Clever.
Ive worked in two different IAC incubator structures and we never once employed a developer; bad strategy. Without actual builders, there is little more than powerpoint and an ivory tower.