BitTorrent Gets $8.75M From Venture-Capital Firm

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.'"

Comments

Errr -- I don't think so

[Reality Master 101]

I like BitTorrent... it does a great job of doing reliable downloads for movies, er, I mean, large files. But why, exactly, would I use it from an "official" source? I mean, I'm not particularly interested in saving them money.

Second point, BT is not that user friendly, since it often takes a long time to start up, and isn't always very fast. It's reliable, in the sense that things usually get to you *eventually*, but it's not an appropriate technology for mainstream downloads.

Another case of VCs dumping money at popularity rather than something that can actually make money.