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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. Can we have more "cool" product names in the post? by drgonzo59 · · Score: 1, Insightful
    Let's see, we got:
    YouTube
    Flickr
    Sequia Capital
    VC
    Yahoo
    Google
    PayPal
    Revver

    The only ones I know are Google, PayPal and Yahoo what are the other ones? Anyone care to explain?
    Is it just me, or is there anyone else who is confused. Without knowing what those products/brands are it is impossible to understand the post.

  2. Clippy helped! by Anonymous Coward · · Score: 2, Insightful

    / You seem to try to fund your project.   \
    | Mmh, it seems that your project doesn't |
    | give any money! Fuck off and ask those  |
    \ hippie money spoiling firms!            /
            \     ____
             \   / __ \
              \  O|  |O|
                 ||  | |
                 ||  | |
                 ||    |
                  |___/

  3. The flickr of video? by hubbah · · Score: 2, Insightful

    Why can't flickr be the flickr of video?

    A large part of succeeding in this space will be about technology - there are storage and bandwidth issues aplenty. But if your users need to find someone who thinks prancing around the room with their polka-dot boxers on their head is funny or artistic or... original, they'll need community. And flickr has succeeded in building a community around images, where many others have failed. It's no small feat.

    - Hubbah

  4. I still don't really get Flickr by DavidNWelton · · Score: 2, Insightful

    I put my photos up on the web, and give each one a description. For instance:

    http://www.dedasys.com/photos/padova_inverno/

    and you know what? People can find them just fine with google or google image search. And I get the adsense revenue myself. It's not much - maybe enough for a pizza for my wife and I every now and then, but hey, I'm not complaining.

    So... what's so "fantastc abot Flickr"? Sure, it's nice for those who don't have their own web hosting space... I'm not trying to say it's bad, but I don't get the hype.

    --
    http://www.welton.it/davidw/