Jonah Peretti, founder and chief executive officer of BuzzFeed Inc., speaks during a keynote session at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016. Mobile World Congress, an annual phone-industry event organized by GSMA Ltd., runs from Feb. 22 to Feb. 25. Photographer: Pau Barrena/Bloomberg *** Local Caption *** Jonah Peretti

ISSUE – Nov. 29 | Media’s complicated relationship with VC funding

VENTURE-CAPITAL FUNDING CAN BE A DOUBLE-EDGED SWORD for startups. On the one hand, the access to money allows young companies to grow quickly without having to worry about profitability, but in many cases it also encourages them to take irrational risks in an attempt to produce the kind of returns VCs rely upon. The dilemma this creates for media companies in particular was thrown into sharp relief last week when bad news broke on a trifecta of high-profile digital-media ventures. [ CJR ]

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