Over the past two years, not a week went by where you didn’t see a video platform raise money. The result was a mini-bubble: countless players all vied to compete with YouTube’s utter dominance in the space but largely failed to gain any traction. This week, Vidavee was dumped by investors for $6.6M after raising over $8M, some peg that figure at about $12M.
Well, this year it’s the mobile video platforms that are getting all of the attention, and frankly, I am not sure why. This is not a knock at any one single competitor in the space: I could not even tell you what makes one different from another. continue reading...
This morning I found out Vidavee sold for $6.6M to Vignette - a CMS company. That’s not a large number by any stretch of the imagination… but it’s even more shockingly low when you realize that the company raised $8M in funding.
I know that a lot of VCs are pulling the plug on companies that don’t represent big payoff opportunities. Combined with the fact that the company is losing money (I presume this was the case of Vidavee), then usually investors will pull the plug, as they did, here. continue reading...
Daily Motion is escalating the battle for #3 in their space (after YouTube and MySpace TV).
Online video advertising is growing, quickly. continue reading...
If there’s one thing I’ve learned producing a boatload of content in web video, it’s that technology ain’t cheap.
Storage, hardware, memory, computing power, bandwidth. It adds up. Of course, having built a successful content business from 2000-05, I am more than confident that I have, am and will continue to build a successful company, and not simply an expensive hobby at WatchMojo.com. continue reading...
