Saturday, October 08, 2005

YouTube Gets Sequoia’s Cash?: "The Web 2.0 funding frenzy is in full effect. YouTube, a self described ‘Flickr of Video’ was one day being told to go raise less than a million dollars and grow the business. A few weeks later the word is that they have raised $5 million from Sequoia Capital at pre-money valuation of $15 million. Well that’s the story these days with Web 2.0 companies." —Om Malik on Broadband