Technology Crossover Ventures recently made news in being part of the syndicate that funded Webroot ($108m A round). In possibly redefining the term "hedge" they had also recently invested in Claria... a spyware adware company. So on one hand they invest in a company that contributes to a problem solved by another. I sense that the TCV folks are a little sensitive to this perception as well, they recently removed Claria from their portfolio company listing on their website, although thanks to a cached page on Google, one of Gator's Claria's press releases can still be found on TCV's website.
Link: Cotton Green: Technology Crossover Ventures: Define "Crossover" ((LOL)).
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