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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.

3 of 80 comments (clear)

  1. Vobbo is Better! by CuteVlogger · · Score: 5, Informative

    Vobbo is better! More file formats, but you can use your own domain, make rss feeds for any search term, and embed videos in other annoying trendy sites :)

    --
    My Video Blog!
  2. Re:Yahoo, Google, Apple, VA, etc by Agrippa · · Score: 4, Informative

    They also funded MP3.com with 12 million in early 99 and cashed out hansomely way, way, way before the bubble burst.

    .agrippa.

  3. Explained by TubeSteak · · Score: 4, Informative

    VC = Venture Capital = money to do stuff with

    Sequia Capital = Company that gives out VC if you beg enough

    Flikr = Photo sharing site that allows you to tag pictures in your gallery according to their content - this makes them easily searchable -

    Yahoo: Yahoo bought Flikr a while ago

    YouTube = video version of Flikr, UL your vids & tag them
    http://www.youtube.com/profile_videos.php?user=cha irdiving

    Revver = same thing as YouTube
    http://www.revver.com/video/2367/

    --
    [Fuck Beta]
    o0t!