MySpace incubator succeeds at reeling in wayward employee
Owen Thomas · 07/18/08 11:40AMLittle has been heard from Slingshot Labs, the startup "incubator" News Corp. formed in February, in the months since its creation. The $15 million fund for spinoff ventures did succeed in keeping MySpace CEO Chris DeWolfe in place: We hear that he made it a quid pro quo before signing a new, lucrative contract with Rupert Murdoch. He's not the only MySpace employee Slingshot played a part in keeping down in Los Angeles. We hear Nick Granado, a top engineer behind MySpace's iPhone version, first flirted with a job at Facebook, then worked briefly at Imeem, before getting lured back with a gig at Slingshot.