Venture Capital Still Flows to Web Video [New Media Minute]
Venture capitalists are still opening their wallets for Web video startups. The online video site and syndication service 5min.com that specializes in how-to videos just scored $7.5 million in venture capital in its second round of fundraising. Daisy Whitney explains in the New Media Minute why this investment is NOT about the content, but rather about 5min’s technology. In fact, venture funding is flowing toward tech firms exclusively, Daisy reports, including to companies like TubeMogul. You’ll hear from the New Media Minute’s NY correspondent The Resident on how TubeMogul can help businesses and Web producers.
[Editor’s Note: Daisy Whitney, joins us here at SiliconANGLE and Beet.TV each week with the New Media Minute, and update on what’s happening in the world of New Media and online video -mrh]
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