$$$ means that aSmallWorld.net might get bigger
A Weinstein Will Invest in Exclusivity - New York Times
Most popular Internet communities, like Facebook.com or MySpace .com, measure their success by their ability to attract new members. A notable exception to this rule is aSmallWorld.net, an exclusive online community that is about to get bigger.
The Weinstein Company, the production business started by Bob and Harvey Weinstein after they left Miramax, has invested in aSmallWorld, the company will announce today. The Weinsteins, whose multimedia portfolio includes Miramax Books and a magazine publishing company, Niche Media, head a team of investors including Robert W. Pittman, former chief operating officer of AOL Time Warner. The company declined to put a dollar figure on its investment, describing it only as "significant." The Weinstein Company was attracted to aSmallWorld by the community's social networking and advertising opportunities, Harvey Weinstein said in an interview. This is the company's first investment in an online venture.
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Tuesday, May 23, 2006
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