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San Diego- and Los Angeles-based video sharing siteveoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Veoh had raised over $67.5M in funding from such firms as Goldman Sachs, Intel Capital, Shelter Capital Partners, Spark Capital, The Tornante Company, and Time Warner.
Los Angeles- and San Diego-based video sharing siteVeoh is claiming a major win today over Universal Music group, saying that a federal judge has thrown out a copyright infringement lawsuit against the firm. Veoh had been sued over user videos using music from the label in September of 2007. READ MORE>>.
He was introduced through mutual friends to Highland Capital. At the time consumer internet venture capital was still suffering from the collapse of the Tech Bubble. But it was an attractive time to enter because the successful internet companies were scaling and in need of capital. Why do you think Veoh didn’t succeed? (40:30
San Diego- and Los Angeles-based online video siteVeoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. An email to Dmitry Shapiro, CEO of Veoh, this morning, asking for comments on the rumor was not returned. Veoh laid off 20 percent of its employees in November.
Taking a chapter out of the popularity of sites like Chatroulette in connecting up strangers with one another, Los Angeles-based Anybeat , the alternative social networking site run by Dmitri Shapiro, said Friday that it has rolled out a new feature called "Interest Roulette".
The firm said it will look to help people meet others who they would not naturally meet in their day-to-day life; help people gauge the reputation of others on the service; and will avoid making the site a place for "personal branding,", instead looking as a place to socialize, converse, and enjoy.
Altly detailed its plans to create an alternative to Facebook last week, complaining in a lengthy manifesto from Shapiro that an alternative to Facebook was sorely needed due to privacy and other issues with the social networking site. Shapiro was the former founder of Veoh Networks and head of MySpace Music. READ MORE>>.
A report today says that Dmitry Shapiro , the former founder of Veoh and head of MySpace Music, and currently founder of alternative social networking site Anybeat , may be heading to Google to head up its Google+ efforts. The report , from PandoDaily, cited a single source for the information. READ MORE>>.
The funding was led by Jump Capital, plus new investors HBSE Ventures, Electric Feel Ventures, Visary Capital, Metaversal, and University Growth Ventures, along with Galaxy Interactive and BITKRAFT, and and a number of angels, including Shivakumar Rajaraman, Michael Eisner, and Francis Ma.
In what looks to be a challenging funding climate for entrepreneurs, we thought it would be interesting to talk to one fund which is still making investments--Saban Ventures (www.saban.com)--a new, digital media focused venture capital fund located in Los Angeles. For those not familiar with Saban Capital, tell us about the fund?
In what looks to be a challenging funding climate for entrepreneurs, we thought it would be interesting to talk to one fund which is still making investments--Saban Ventures (www.saban.com)--a new, digital media focused venture capital fund located in Los Angeles. Richard Yen: Saban Ventures kicked off early this year. where he is Chairman.
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