Facebook Co-Founder Aims to Bring Venture Capital Model to Media
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The Knight Foundation, a sponsor of journalism-innovation projects, named Facebook co-founder Chris Hughes and digital experts from Harvard and MIT to its board, where they’ll take a venture-capital-like approach to media.
In the Miami-based group’s first-ever digital-related appointments, it also named Joichi Ito, head of the Massachusetts Institute of Technology’s Media Lab and John Palfrey, who runs Harvard’s Berkman Center for Internet & Society, and is also an adviser at venture firm Highland Capital Partners.