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Veoh Cuts 20 Percent

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Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees. Veoh said that the firm, although doing well financially, could not predict how soft the online advertising market will become, given the economic challenges of today.

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Get to Know Richard de Silva of Highland Capital

Both Sides of the Table

So it is a combination of markets and people. The contextual ad market was attractive. The first phase was just getting all the content online via YouTube. He is starting to see this occur in sites that are verticalizing content. Initially it was a UGC site that competed with sites like YouTube and Veoh.

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How do I Really Feel About Anonymous Apps Like Secret?

Both Sides of the Table

One really great experience was a discussion I had with the camera rolling with my good friend Dmitry Shapiro who founded the major YouTube competitor of its time (Veoh) that was sued into oblivion by Universal and who also founded a social network designed to promote pseudonymity. Tech Market Analysis' Kill a fat person. So so funny.

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Interview with Richard Yen, Saban Ventures

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What kinds of companies are you looking to invest in, when you say digital media--content, technology, or both? We're also looking, at the same time, at infrastructure--infrastructure software, which advertising agencies or marketers would use. Richard Yen: We're fairly broad in respect to digital media. READ MORE>>

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Interview with Richard Yen, Saban Capital

socalTECH

What kinds of companies are you looking to invest in, when you say digital media--content, technology, or both? We're also looking, at the same time, at infrastructure--infrastructure software, which advertising agencies or marketers would use. Richard Yen: We're fairly broad in respect to digital media. READ MORE>>

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