Start-ups shouldn't be too down-hearted—at least some sites are still being backed with big money as Europe continues its skid into recession. Paris-based TVTrip, which publishes video reviews of hotels in 157 cities worldwide, has bagged €7 million (about $9 million) in VC funding from previous backers Partech International and Balderton Capital, in a second round joined by AGF Private Equity (via Techcrunch.com). The site raised $4.8 million (£3.38 million) in its first round funding in July 2007. A new version of the site, with more video-sharing than is currently on offer, goes live on March 10.
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Join us in Los Angeles on February 5th for EconMusic, a half-day event (12:30 to 4:45 pm) that will address questions such as:
- What business models are companies turning to in order to remain competitive and stay out of the red?
- How are online communities continuing to reshape the artist-to-fan relationship?
- How have free services like Pandora and its popular iPhone app impacted the business?
- Will mobile music sales finally reach their potential?
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