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YouTube Receives $3.5M Funding from Sequoia

Posted by ryuzaki0 on from the still-waiting-on-my-check dept.

An anonymous reader writes "YouTube, the self-described "Flickr of video" has now received $3.5M in funding from Sequoia Capital, the same VC firm that funded Yahoo!, Google, and PayPal. Competitors of YouTube include Revver, launched just last month and founded by Ian Clarke of The Freenet Project fame. As of now, both services are free. With the online video space heating up in recent months, the question is who will discover the best business model." YouTube was first mentioned on Slashdot shortly after its launch three months ago.

4 of 80 comments (clear)

  1. Why couldn't they call it MyTube? by dougTheRug · · Score: 3, Funny

    I *hate* software that's not called "My whatever".

  2. Wow! by aywwts4 · · Score: 1, Funny

    They have just craploads of... Crap!

    Surely this is the business model of the future!

    --
    Web Developers: Celebrate to our roots! Animated Gifs and Tiled Backgrounds, dont let our history die!
  3. How do we make money? by Time+Doctor · · Score: 2, Funny

    Here at YouTube, we get a lot of satisfied customers, and some of them ask us how we stay in business and give away free bandwidth.

    The answer is simple, volume.

    --
    Check out ioquake3.org for a great, free, First-Person Shooter engine!
  4. The obvious name should be by commodoresloat · · Score: 2, Funny

    iTube.