Betaworks, a New York-based seed-stage investment/development company started by John Borthwick (a former AOL executive who recently sold photo-sharing service Fotolog to Hi Media of France for $90 million), is about to launch its first project, SwitchAbit.
The project, described by Borthwick as a content routing platform, will become a standalone company and will merge with Twittergram, a service created by Dave Winer. This is a no-cash deal. Dave will join SwitchAbit as an advisor.
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