MySpace Launches Seed Fund

I’d love to see the internal economic rationale — because I bet it’s dodgy as heck — but MySpace has apparently launched a new seed fund. With fbFund (for Facebook apps) and MySpace (for MySpace) apps, plus VCs and angels chasing the stuff, anyone who can’t get seed funding for a social app with a modicum of transaction must not be connected to the global communications grid.

Related posts:

  1. No-one Does a Second Seed Fund
  2. Is the VC Seed Pool Really Shrinking?
  3. MySpace Matters More than MTV
  4. Acquisition is a VC Train Wreck
  5. Onion to “MySpace”