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BitTorrent Gets $8.75M From Venture-Capital Firm

Posted by ryuzaki0 on from the well-distributed dept.

funny-jack writes "BitTorrent's drive to legitimize itself as a tool for distributing legal content appears to be gaining steam, as evidenced by the $8.75 million venture capital they recently secured. 'The piracy business is not something anyone can make money on,' says Ashwin Navin, who co-founded BitTorrent with Bram Cohen. 'We want to distribute paid and ad-supported content, using this technology.'"

10 of 266 comments (clear)

  1. If you use BitTorrent and would like to help... by skydude_20 · · Score: 5, Funny

    ...support it, please consider making a donation to BitTorrent, Inc.
    Donate (via PayPal): $20 $10 other

    I think they hit 'other'.

    --
    Jesus saves souls and redeems them for valuable cash prizes
    1. Re:If you use BitTorrent and would like to help... by meza · · Score: 3, Funny

      I heard this fellow Niklas Zennström is in some economical trouble too. He recently "lost" his company called Skype in a fairly hostile ehm takeover. Please think about his children and wife and consider a donation (via PayPal). 20$ or even 10$ can really make a change.

  2. Run! The VC are coming! by fragmentate · · Score: 5, Funny

    Every time I hear another rush of VC's I have horrible nightmares of the DOT BOMB...

    They're like a bad form of birth-control -- where pulling out doesn't always work.

    --
    My ZooLoo
  3. OMG! by Anonymous Coward · · Score: 1, Funny

    I don't know whether to laugh or be terrified! I can't believe that I had never noticed this before but, BitTorrent is obviously a high-tech ponzi scheme!

    So BitTorrent is illegal, after all!

    1. Re:OMG! by Anonymous Coward · · Score: 1, Funny

      right after they get their tongue out of Google's arse...

  4. Most /. readers by mangus_angus · · Score: 3, Funny

    will know how to get the stuff for free anyways. Let them make their millions from average joe.

  5. Re:Help me out here... by FrontalLobe · · Score: 2, Funny

    Marketing works because the general public are mindless sheep. Take the radio for example:
    Annoying Radio Jockey: And nooooow, your NEEEEWWW FAAAAA-vorate soooong! Public: (monotone voice in unison) This is our new favorite song. Works for software, movies... makeup... you name it.

    --
    -FL
  6. Business Model by rblum · · Score: 4, Funny

    Can't believe I'm the first one to say this, but

    Step 1: Bit Torrent
    Step 2: ???
    Step 3: Profit!

    You must ALL be new around here!

  7. Re:Oh great, *MORE* advertising... by Anonymous Coward · · Score: 1, Funny

    My character is level 145, and currently gathering clusters for some 180 imps to replace the 100 store bought ones. High time, don't you think?

  8. Conversation: Cohen, RIAA and MPAA by BestNicksRTaken · · Score: 2, Funny

    RIAA: hey Cohen, how do we put poisonned torrents on ThePirateBay, there's way too many people downloading our worthless crap for free?

    MPAA: don't forget MiniNova or we won't get Time Warner's money and Microsoft will never buy in.

    Cohen: it'll cost ya $8.75m ;-)

    --
    #include <sig.h>