Are venture capitalists paying too much for Web 2.0 start-ups?
At the end of May, Last.fm, the social music discovery tool that established itself as the go-to destination for many music lovers, was sold to US broadcaster CBS for a reported $280m (£141m), the latest in a growing list of burgeoning European success stories in digital media.Over the past two years, Europe's VC community has been pouring money into digital media start-ups. Disruptive business models and disruptive growth trajectories have enabled the emergence of a new wave of ...
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