Breaking: Heavy.com, a New York-based online broadband content community is close to announcing a new round of funding, sources say. The new funding round is likely to bring in around around $10 million. Polaris Ventures is said to be reading the round. I have also heard, Avram Miller, former Vice President of Intel Corp. and current CEO of the Avram Miller Company, will join Heavy’s board.
Heavy.com gets about 10 million unique visitors a month, and is the 7th fastest growing web brand by Nielsen-NetRatings. My favorite program on Heavy network is “Behind the Music that Sucks.” The company was started way back in 1999, and has gone through some makeovers, but with broadband usage on an upswing, Heavy has finally found momentum. The best part is that you can get their video-downloads to go for Sony PSPs and Video iPods. More Details To Follow…
1 trackback so far
8:48 PM PT
Welcome David Porter
My former colleague, David Porter, has recently waded into the blogging waters as has Mike Hirshland, a partner at Polaris VC who recently funded Heavy.com per Om. Welcome to you both. I look forward to your posts.
5 comments so far
1:05 AM PT
Why do they need VC cash? They seem to be doing just fine with placed ads, paid content previews, background ads, title bar ads and embedded ads. It’s like being in time’s square, but with viral videos on the big screen!
1:07 AM PT
Can Heavy.com buy a pausable and seek’able flash video player with some of that ad/VC cash? They can borrow Google’s or YouTubes unil they develop thier own, but streaming video without VCR controls is very 1996. I want my 10 years of innovation back!
1:09 AM PT
Oops, I missed the two VCR controls in all the background Ads. Did I mention they have “view this ad before your video” ads?
5:11 PM PT
They steal content and are rewarded for it.
I am sure a good lawsuit will lighten the load at heavy.
7:14 PM PT
Heavy is just another rip-off site:
(link)
another $12M down the drain
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