Online Video Publishing Service VideoEgg Gets Venture Funding

Another day, another online video publishing and upload service: SF-based online video publisher VideoEgg has received undisclosed amount of venture funding from August Capital.

David Hornik from August Capital will be joining VideoEgg’s board. Early funding for the company was provided by First Round Capital prior to its launch at DEMOfall in September 2005.

The site is a bit different in that it is not going to a destination site like YouTube, Veoh, Revver and others in the space, but is targeting enterprise, video bloggers and other third-party sites and apps like classified ads, real estate sites, personal profiles on dating and social-networking sites, auction postings etc.

The service is a small browser plug-in that makes it easy for end-users to capture, edit, encode, and post digital video online…I did test it out and it does seem pretty easy. Again, the challenge, as always, is in execution and business model.

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