Richard Rosenblatt, former chairman of MySpace, has a new gig and $200 million he’s prepared to spend on acquiring new media companies.

Rosenblatt: We like all types of user generated content but we feel that (1) there is too much (2) it is not vetted enough and (3) it is not categorized well by vertical. Our goal is to provide users with the best tools to express themselves, allow them to easily search and find what they are looking for based on the vertical they are interested in, and allow them to get to the most relevant content based on its quality as determined by other users. We like user generated content that allows users to express themselves and showcase their personality. We like to focus on things that creating user generated content that has lasting value.