Boston VCs Grok Social Media—So Can We Please Not Tell That Facebook Story Anymore?

a Dog Patch Lab-like incubator here in the Boston area. “It’s a possibility,” he says. “If there’s enough interest.” (Anyone want to answer that challenge?)

Sabet and Spark, meanwhile, have already taken several strides in this regard. Sabet is well known for pressing for the elimination of non-compete clauses in Massachusetts, which would make it much easier for entrepreneurs to do what Hirshland referred to—leave an established company to start their own. That effort has gained a lot of momentum and a bill to ban non-competes in Massachusetts is scheduled for a hearing this spring.

Spark (through Sabet) is one of several local groups that is helping bring a branch of the Boulder, CO-based TechStars startup program to Cambridge, MA. And in March, Spark announced the launch of Start@Spark, a program that will offer seed-stage investments of up to $250,000 to promising early-stage startups in the Boston and New York regions.

“There’s not like one silver bullet—it’s going to be a lot of stuff,” says Sabet, when referring to what might ignite social media and consumer Internet companies in the Boston Area.

Which to me means a concerted, collaborative effort. The last time I saw Hirshland and Sabet, they were at an OpenCoffee meeting (yes, Sabet helped this group get started here as well) at Andala Coffee House in Central Square. That’s where I snapped the picture of them together.

A Sampling of Social Media/Consumer Internet Investments From Spark and Polaris

Spark

5min — Internet-based “How-To” videos
8D World — virtual world focused on teaching English as a second language
Boxee — open-source software platform to enable home social media centers
Eqal — the Los Angeles studio behind the cult Web video series Lonelygirl15
KickApps — hosted application service enabling social networking capabilities for major web publishing and corporate websites
Next New Networks — micro TV meets community Web casting
OMGPOP (formerly i’minlikewithyou) — combines online gaming with social networking
OneRiot — social search engine
Tumblr — mixed media, short form blogging
Veoh — Internet TV

See my interview last year with Spark managing director Todd Dagres about the company’s media strategy.

Polaris

Automattic — the company behind WordPress, the leading blogging platform
BlackArrow — ad management for viewer-controlled video
Heavy — online entertainment network for men 18-34
JibJab Media — online comedy network
Quantcast — new media measurement company
Sprout — widget makes it easy to add interactive content to blogs and other websites.

Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.