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VCs Bet on Opposing Views


Opposing Views, an online debate platform designed to bring users up to speed on political, health and finance issues, has nailed down $1.25 million in series A financing, the company said Monday.

The backers, led by Frontera Group, also included Gil Elbaz, co-founder of Applied Semantics and Russell Fine, Opposing Views’ chief executive and co-founder of online pari-mutuel horse racing site Youbet.com.

 Los Angeles-based Opposing Views, scheduled to be launched in beta this summer, is designed to provide users with one place to get the spectrum of views about issues. The company will compete against others like the 4-year-old nonprofit ProCon.org, which quotes scholars, politicians academics, and others in laying out the parameters and opinions on issues like immigration, euthanasia, insider trading, and nuclear power.

Another startup, London-based Friction.tv, invites users to submit videos debating issues like the prevalence of drugs in golf, whether biofuels are cool and the impact of climate change.

Opposing Views said it would use the funding to launch the web site and sign up its first 100 experts. Commentary will be provided by experts from organizations like the National Rifle Association, People for the Ethical Treatment of Animals and the Sierra Club, the company said.

The viewpoints in areas like parenting will aim toward helping users make informed decisions.

“People face issues every day,” Eric Manlunas, managing partner, Frontera Group, said in a statement. “No other media company gives them one place to get all sides of the truth so that they can quickly become informed. The proprietary format and technology are a key factor in the equation.”