Blip.tv gets VC.Cash

You Tube keeps getting bigger and bigger – but that doesn’t stop money from flying into the online video start-ups. Don’t blame me for calling it – the madness! Blip.tv, a New York-based online video company has just closed its series A financing from private investors. The exact amount of funding hasn’t been revealed. Blip.tv is primarily a videoblogging service and gives users the tools to distribute videos to their own blogs, additional Web sites, video aggregators and search engines. More details to follow!