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July 06, 2006
Blogs Do The Due Diligence On Metacafe
Metacafe, a video sharing portal, has announced raising $15M, bringing in new investor Accel to join existing investor Benchmark Capital. The VCs are investing from their European funds.
One thing about the advent of blogs, venture capital investors get a lot of free due diligence work, unfortunately for them it comes after the deal's been done. ( We noted the phenomenon when Index and co. announced investing in FON and we're seeing it now with this deal.)
The criticism is mainly to do with questioning the need to fund another video sharing site, the quality and unoriginality of the content (video clips), and the level of smut.
Read - Video Sharing Site Gets (paid content)
Read -
Metacafe Gets $15 Million in Funding as Movie Sex Scenes (first adopter)
Read - Metacafe Gets $15 million for Video-Sharing Site (mashable)
Posted on July 6, 2006 04:02 PM | Posted to Online services | Venture Capital | Permalink
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