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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.'"

5 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
  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. Re:Help me out here... by Phil246 · · Score: 5, Informative

    Bandwith costs money
    BT allows these movie studios to cut costs, and yet still host large files.
    Letting people just download directly from them, especially when large files are involved will cost them a packet.

  4. Errr -- I don't think so by Reality+Master+101 · · Score: 5, Insightful
    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.

    --
    Sometimes it's best to just let stupid people be stupid.
  5. Re:speaking of torrents by shudde · · Score: 5, Informative

    you guys check out http://www.litebay.org/ yet? pretty good selection, and all are super fast, i got batman begins in 2 hours. -acidjazz

    --from litebay.org forum: acidjazz Administrator Registered: 2005-08-22 Posts: 3

    Idiot.