Steamboat Ventures is planning to raise a third fund, worth $200 million, PE Week reports (subscription required). The backer will be Steamboat’s owner, The Walt Disney Co; another, Europe-focused Steamboat fund is also in the works.
Steamboat typically invests in digital media companies — whether in social networking, mobile services, content delivery services — or other areas that are in some way related to the Disney media empire. Our previous coverage of the fund here.
Eric currently covers digital media technology and business, especially what's happening on social networks and their platforms. He writes and edits stories about lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a now-failed startup called Writewith, that was building editorial software for newspapers and other groups of writers.