Jason Del Rey

Recent Posts by Jason Del Rey

Ted Leonsis’s Revolution Growth Leads $20 Million-Plus Investment in Inventory-Management Firm Optoro

Optoro, a Maryland-based startup that helps brick-and-mortar retailers sell their unsold or returned goods on third-party e-commerce marketplaces, has raised a $20-million-plus investment led by Revolution Growth, the investment firm started by former AOL execs Ted Leonsis and Steve Case. The company would not disclose the exact amount of the funding, but a Form D filing indicates that it totaled $23.5 million. About $3 million of the new investment went to current shareholders, according to the filing, and Leonsis is joining the company’s board. Grotech Ventures also invested in the round.


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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