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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.'"

1 of 266 comments (clear)

  1. Of couse, it's been gaining Steam ever sense Valve by ShyGuy91284 · · Score: 0, Offtopic

    although I don't think he works for them anymore, at least his projects seem to be continuing to gain steam....

    --
    In undeveloped countries, the consumer controls the market. In capitalist America, the market controls you.