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Video VC Funding Still Strong
Posted on June 30, 2008
While Hitwise was announcing YouTube has taken share to its largest lead, 75% of traffic to all video sites, two funding announcements came out. Veoh took in $30 million earlier this month and Chinese video site Youku received $40 million this week.Taking on YouTube may seem like a suicide mission, but the video market is still early and even a strong second or third place will be valuable in the long term. JupiterResearch looked at the issue in our recent Competing with YouTube report, and identified four strategies that video sites could carve out. The report would classify Veoh on...
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