If real-time Web startups prove to be the Next Big Thing, then Betaworks could become one of the hottest new media companies in a generation. If not, it’s bye-bye, Betaworks. Such is the gamble Betaworks founders John Borthwick and Andy Weissman decided to take in the summer of 2007. At the time, Weissman was working as a VC at Dawntreader Ventures. Borthwick was the CEO of the photo-sharing site Fotolog.
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