Hedging Spyware Investments With Anti-Spyware Ones?
from the one-way-to-build-a-market... dept
A bit of an amusing discussion on a couple of blogs over the past few days. VC Jeff Nolan pointed out that fellow VCs Technology Crossover Ventures appeared to have invested in well-known
spyware crapware vendor Gator Claria as well as anti-spyware vendor Webroot. As Nolan points out, that's one way to hedge. The reporters over at Silicon Beat did what reporters do and checked in with TCV to get the full story, which is basically that TCV invested in Gator's early days when they were just a web wallet, not a spyware crapware company -- and they no longer have any real connection to the company. In fact, they joke that they'd love to dump the shares if they could. Of course, that still doesn't explain why they dumped so much into a company that has plenty of competition -- most of it offered for free. It's hard to say which investment looks less appealing.