(sub. req.): FT does a story on mobile content venture investments (FYI: I’ll be coming out with a mobile content deals–VC & M&A– report by the end of this month, covering the first nine months of this year). Mforma, Digital Chocolate, Monstermob, the works…
Richard Coates, a partner in the technology, communication and entertainment practice at Ernst & Young, says that venture capital companies are looking to build portfolios of mobile entertainment investments so that the small number of successes will pay for the inevitably larger number of failures. “They want volume rather than an individual investment,” Mr Coates says. “And they are looking for multi-stage investments maybe three or four rounds so that they can validate the business as they go along. The exit route comes either from trade consolidation, or later an IPO.”
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