VCs stop funding startups that may require Internet Fast Lane

MIT Technology Review has posted an interested tidbit. Some venture capitalists are not funding startups that require fast internet connections for video, audio, and other servies. This is due to the talk about fast lanes that require payment to the ISPs.

The FCC has not yet ruled on new rules of Net Neutrality. Tom Wheeler, FCC’s chairman is asking if ISPs should be able to charge content providers for faster speeds like Netflix service. The rules are scheduled to take place in public comment May 15th.

Brad Burnham of Union Square Ventures has stated that his firm will stay away from startups working on video and media businesses. This will in the end hurt innovation and startups whose backbone is video, audio, or media consumption.

via Technology Review

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