Velocity Interactive Group, the high profile venture group founded by Jon Miller and Ross Levinsohn, has added another former AOLer to the ranks: Jorge Espinel, the former AOL (NYSE: TWX) head of Corporate Strategy and M&A globally, has joined the firm as an investment partner focusing on digital publishing and video, social media, games and online advertising. It was during Espinel’s tenure that AOL bought Tacoda, Third Screen Media, AdTech, Truveo, Userplane and Advertising.com. This continues the march of corp dev exces from online media companies.
Meanwhile, Miller was one of the names to the board of Yahoo (NSDQ: YHOO), as an Icahn-led group nominee and should be ratified as a member on August 1. More details in release.