Venture capitalists keep telling me they’re shying away from online video startups — the business plans are identical, they’re all depending on eyeballs, and the valuations are ridiculous, one VC said to me yesterday. Yet somehow, their money keeps in landing in video startups’ bank accounts.
The same day, PE Week dug up a filing showing video-sharing site Fliqz has raised $2.5 million in Series B funding from Mohr Davidow Ventures.
Who’s Fliqz? The company orients itself around personal video sharing, with options for making clips private and even password-protected. “Fliqz is a community founded on the premise that you should never have to delete your video assets,” writes Fliqz President and CEO Benjamin Wayne in a welcome note on the site.
Fliqz got pretty negative reviews last year, and it doesn’t seem to have changed much since then. Wayne told VentureBeat his site is unique because it enables video uploads but does not require a downloaded client and API integration, as VideoEgg does.
VentureBeat had previously reported that Fliqz received $1 million in angel funding from the Caufield Angel Fund, Dave Witherow, Don Hutchison, and Marty Korman.