June 6, 2007

Barry Diller’s IAC Interactive starting new VC firm in Silicon Valley

Media mogul Barry Diller’s IAC Interactive is reported to be starting up a new venture capital fund to invest in internet and Silicon Valley technology companies, according to a report in Mercury News.  Jim Safka, chief executive officer of online dating service Match.com, an IAC subsidiary, will head the fund, which will be called “Primal Ventures and will be located in Palo Alto, California.

Filed under Media and Entertainment, Silicon Valley, Venture Capital by

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