ReadWriteWeb

Today, we spoke with Fred Destin, a Partner at Atlas Ventures in London. This interview has some great perspective on the success stories in Europe's e-commerce and video markets. Here are the basics of Atlas Ventures:

The One Laptop Per Child (OLPC) Foundation, the group working to create computers that can be sold for $100 and given to children in developing countries, has partnered with popular French video company Daily Motion to advance the Open Source video format Ogg, an alternative to Adobe's Flash.

The OLPC computers don't support Flash, they are Open Source throughout and avoid proprietary software. Daily Motion publishes its video in Flash but will now make video available in Ogg format for OLPC users.