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Wednesday, October 3, 2012

Blip, Mitt, Bain and Web series: connecting the dots.

What do Blip (formerly Blip.tv) which features many Web series) Mitt Romney (USA presidential candidate), Bain Capital  and Web series have in common?

According to some Bain Capital is close to the root of all evil, or a so called "vulture capitalist; to others it is a highly profitable company that arbitrages inefficiencies in the free market system to generate huge profits.

Back in February Tubefilter ran an article about Blip obtaining $12 million in financing. At the time one sentence went largely unnoticed:

"Blip announced it closed a $12 million round of venture capital from existing investors “including Bain Capital Ventures and Canaan Partners, and debt from Silicon Valley Bank.”

According to Wikipedia: "Bain Capital Ventures  is the venture capital division within Bain Capital, which has approximately $60 billion of assets under management worldwide. Again according to Wikipedia: "Bain Capital is an American alternative asset management and financial services company based in Boston, Massachusetts. It specializes in private equity, venture capital, credit and public market investments."And then to connect the final dot, Mitt Romney: "The company, and its actions during its first 15 years, have become the subject of political and media scrutiny as a result of co-founder Mitt Romney's later political career, especially his 2012 presidential campaign."

Yes, sometimes its surprising what you find when you connect the dots:)

So now, just kick back and enjoy the first 2012 USA Presidential debate.

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