YouTube Gets $8 Million Funding

Yes Heather, when we write some things, we only do it after we check our sources…so the context we like to put is what’s happening there and at other places right now. Like every other hot online company right now, YouTube and others are sure about one thing: taking money. What they are conflicted about is whether that money is venture funding, or that money is the eventual buyout money. (Anyway, I’m belaboring a point..you know we love BW.)
One of those two things I wrote about last week from DH became official. YouTube has raised $8 million in venture funding from Sequoia Capital. This is five months after the $3.5 million round, also from Sequoia.
BW’s BlogSpotting: even as the company is just beginning to try to shed its copyright problems and transition to becoming an entertainment partner for big media companies, it’s bringing in dough. It’s had some recent luck signing up established folks, including E! and Comcast’s G4 cable network.
Related:
@ DH: Day Two: Sun Finally Out; YouTube Rumors; Facebook Fallout; Qualcomm; MobiTV

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