Peter Kafka

Recent Posts by Peter Kafka

Crowdsourcing Ad Maker Poptent Raises $5.5 Million From MK Capital

Poptent, which produces video advertising by farming out assignments to a network of 50,000 semi-pro producers, has raised a $5.5 million round led by MK Capital. The VC also led Poptent’s $3 million round in 2010; the company says it has paid out $5 million to its contributors since 2008.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald