Video-Sharing Site Blip.tv Raises First Round Funds

Authored by Mark Hefflinger on July 18, 2006 - 12:50pm.

New York - Video-sharing site Blip.tv, which is currently in beta and offers tens of thousands of user-created video blogs, announced on Tuesday that it has raised an undisclosed sum in its first round of financing, from private investors. New York-based Blip.tv offers free technology that lets users post their videos and offers free storage for their video. The company says it will not allow copyrighted media or pornography on its site, adding that it will make money from advertising, professional accounts and licensing its software and services to third parties. Blip.tv says video uploaders have the choice of whether or not to include ads on their videos, with revenue to be split evenly with the company.

http://biz.yahoo.com/prnews/060717/nym152.html?.v=57
http://www.blip.tv