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Photo Software - Thursday, May 10, 2007

Web 1.0 Photo Biz Sequoia Media Ekes Out Funds

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There is so much innovation going on in online photo and multimedia. Many of these companies were just founded in the past 6 months. Here we have a company that was founded in 2003 that is clearly unable to keep up with the fireworks created by newer companies.

Sequoia Media Group closed an $8.8M round of funding today with its current equity partner Amerivon. Sequoia's aVinci is a tool to create multi-media productions using personal photos and videos.
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Nothing against the folks at Seqouia and their investors and we know that the online photo and multimedia sector is hot, but we don't see them having the stuff to compete against the newcomers. Time to sell or to buy a small startup that has talent.

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