Moritz’s New Deal: PopSugar

To scale expontentially the level of trash in Cyberspace, Michael Moritz is funding a company called PopSugar, supposedly a celebrity gossip site targeted towards young, hip women.

Huge Alexa ratings show excellent uptake, as the company describes itself as “Insanely Addictive”. No kidding! 1.5 Million unique visitors.

It’s interesting to me that while Bill Gates deploys his enormous wealth and power to address issues like poverty in the world, and John Doerr goes after education and energy crisis, Mike Moritz chooses to waste his time on celebrity gossip.

Pity, really!