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Funding Flexibility.

With cable video moving outside TV's traditional box, several new funds headed by old cable guys want to become investors. One is the entertainment/media focus group formed by investment collective New York Angels, which provides up to $1 million to ventures. The other is Spark Capital, a Boston-based VC agency with $260 million to dole out. Cable deals are a top priority, and one is imminent, says Scott Kurnit, the former Viacom and News Corp. exec now with the Angels. "We ...

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