Profits may not have arrived for online video, but venture capitalists are still happy to pick up the bill. More and more U.S.-based, venture-backed online video companies are attracting more and more financing each year, according to Dow Jones VentureSource. Some $460.5 million was invested in such startups in 2007, up from $266.9 million in 2006. And already, in the first quarter of 2008, another $217.3 million rained down on the category. NewTeeVee has the exclusive.
WOW that is a hell a lot of money.
This contrasts with the issues that public online video companies are having, as was pointed out in another NewTevee piece. So, hmm, what are funding. Who’s doing it differently, because it’s either figure out the ad model or come up with something no one else has thought of yet. Time will tell if these VC’s made a good investment.