There must be plenty of excitement among VC’s in the Valley today in the wake of astonishing valuation of YouTube in its sale to Google.
New York Times reports that YouTube’s backer, Sequoia Capital, has turned $11 million into $495 million in twelve months. An increase times 43 — not too shabby.
For sure, online video is a hot place to be for smart VC’s. CNET has very good story about the implications of the deal for the space.
Some of the smartest tech investors have ponied up to Revver, the "clean" video sharing site that carefully monitor uploads clips for appropriate content and copyright issues. It provides a revenue sharing model for content providers with advertising "post roll".
The Los Angeles-based company has raised over $10 million from some very impressive backers including Comcast Interactive Capital, Turner Broadcasting, Draper Fisher Jurvetson, Bessemer Venture Partners, Draper Richards and a personal investment by William Randolph Hearst III.
I have no idea if Revver is ready to cash out, but it’s a cool company — and smart money says its valuation must surely be rising.
We couldn’t get to LA to meet the Revver crew, so they were kind enough to send us this video of co-founder Oliver Luckett.
Attention Vloggers: Revver has just opened up its API so we can use their tools for ourselves. Very cool.
Revver, Oliver Luckett, Revenue Sharing, Online Video, Google, YouTube
