Benjamin Kuo’s Blog

CNET reports that Los Angeles-based video sharing site Revver has put itself on sale for between $300K and $500K — a fire sale considering the millions that have been invested in the company. Revver has raised capital from Bessemer Venture Partners, Comcast Interactive Capital, Draper Fisher Jurvetson, Draper Richards, and Turner New Media.

Revver is one of a (huge) number of YouTube-era companies which provide user-generated video sharing: a few of the other local firms  that started in this space are Veoh Networks (tilt towards professional content distribution), VMIX (shifting towards selling its software for social networking sites) ; LiveDigital (an offshoot experiment of Oversee.net; the site now reads “looking for a new home”); and Eefoof (angel backed, renamed VuMe, and now appears to be filled with blog posts about how bad the service is).

This entry was posted on Wednesday, February 6th, 2008 at 9:23 am and is filed under Bubble, Mergers and Acquisitions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.