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July 04, 2006
Myvideo Seeks Network Effect And VC
Myvideo.de, a video portal for the German market launched in April, is gaining ground according to the firm's CEO and founder, Christian Vollmann, who told us that his website was the only German online video community to make it into the Nielsen Netratings ranking in May 2006 for Germany with 320,000 unique visitors.
Vollmann is aiming to build the "best video community in Germany with the most entertaining content" by partnering with the popular portals and movie rights owners.
The 28 year old founder hails from dating site ilove.de, a subsidiary of Jamba!, which he started up and managed. Jamba! is a mobilephone ringtone and games service that was acquired by Verisign, and before that gig, he was with Alando (which was acquired by eBay back in the bubble era). He was the third employee at Alando.
Both Jamba and Alando were founded by the Samwer brothers. Vollmann declined to say whether or not the Samwer's were financially supporting his venture.
MyVideo has three revenue streams in the works and is currently looking for venture capital, or a strategic investor. It is registered in Romania where the R&D is done, but Vollmann is based in Berlin, the startup's base for marketing, support, and editorial operations.
The founder said that 98 percent of myvideo's content is user generated. We can add some of this content is raunchy, judging by the teaser stills and the description of the video titles that were on the front page the day we eyeballed it. It's not for kids.
Its closest rival in the German market is Sevenload.de, which started earlier. On the competition Vollmann said: "The first one who hits the network effect will lead."
Posted on July 4, 2006 08:45 AM | Posted to Early stage | Media | Web 2.0 | Permalink
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