Motionbox closes $4.2 million in funding
Cory Bergman September 6th, 2006
You may remember our earlier post about Motionbox, a user-created video solution that’s powering a section on WCAU’s NBC10.com (and potentially more NBC O&O sites in the near future). The company has announced it closed $4.2 million in Series A funding from Canaan Partners, SAS Investors and ITOCHU Corporation of Japan. “Motionbox’s technology solves a major problem—how to make personal video more user-friendly and easier to share, particularly for the ‘rest of us’ folks who aren’t very tech savvy,” said SAS Investors’ Josh Grotstein. “They are also uniquely positioned to work with partners across all media.” Which to me is the biggest selling point.
5 Comments Add your own
1. Lost Remote TV Blog&hellip | September 6th, 2006 at 12:24 pm
[...] In reading the press release on the Motionbox story below, I read a quote from the company’s CEO that is worth highlighting. “For 99% of people, online video is about sharing moments, not creating professional video presentations,” said Chris O’Brien. This is a very simple point that alludes many mainstream media people who still don’t understand why user video sites has devoured the online video market with a bunch of “stupid videos.” YouTube and MySpace and Google Video and the like are popular because they empower people to easily share their best video moments with their friends and family for free. Take YouTube, for example, which receives 65,000 videos a day. That’s 1,950,000 a month. Only a few of those clips rise to the surface and see a ton of traffic. The rest are viewed just a handful of times by the producers’ friends and family, which as an aggregate is a ton of traffic. The long tail of video. And these “stupid videos,” if they involve your friends and family, are a hell of a lot more relevant than 99% of the stuff on TV these days. So while mainstream media still shakes its head and can’t understand why people would think user-created video is more relevant than the high art they produce, well, then they’re destined to fail in the long run. All in all, I think this is the greatest missed opportunity for television companies in recent memory. [...]
2. serbian rape gangs&hellip | January 27th, 2007 at 5:52 pm
ideal teens thumbs…
utube gay…
3. voyeur watching couples h&hellip | January 27th, 2007 at 9:10 pm
clean christian jokes and stories…
fuck her real hard…
4. withdrawing from prozac&hellip | March 11th, 2007 at 6:46 pm
naproxin with amoxicillin…
alternatives to viagra…
5. ccnarnlviy | July 7th, 2007 at 1:49 am
Hello! Good Site! Thanks you! gujgxuincnfsz
Leave a Comment
(Please keep URLs out of the comment body or the spam filter will block you.)Trackback this post | Subscribe to the comments via RSS Feed