Nothing like a sweet acquisition – Yahoo's purchase of Flickr.com for about US$35-million last week – to bring the bees (VCs) to honey (photo bloggers). Fotolog, which bills itself as the “world's largest photo blogging community” has attracted US$2.4 million from BV Capital, whose investors include AOL Time-Warner, Stanford University and Mayfield Fund. To be honest, I haven't dabbled yet with photo blogging but it's not a phenomena I completely understand. I mean, it's one thing to share ideas (a.k.a. words/text) but photos of this and that? Is there anything compelling about photo blogs other than as personal diaries and artistic endeavors? I guess there must be otherwise the smart folks at BV Capital wouldn't have written a check. When the deal for Flickr.com was announced last week, I wondered why Yahoo decided to buy Flickr.com rather than Fotolog. Maybe it had to do with valuation or willingness by the founder-entrepreneurs to sell out. Any thoughts?

