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YouTube receives a second infusion of cash from Sequoia Capital

Everyone's favorite online video site YouTube.com has received a second influx of cash from Sequoia Capital. This latest investment totals $8 million dollars, up from the $3.5 initially invested five months ago. The capital will be used to expand its data servers, and increase its sales and marketing efforts.

"We are pushing the boundaries of the Internet in ways that are unparalleled. By accelerating the build-out of our data centers around the world, we are poised to continue to serve up billions of videos in the most scalable and cost-effective way," says Steve Chen, CTO and co-founder of YouTube.

YouTube receives over 100 million page views and 6 million unique visitors per day. The site provides 35 million video views each day with 35,000 new videos being uploaded daily.  Not bad a for website that doesn't have a revenue model yet.  I find myself going to YouTube more and more everyday, though with all of this invested capital let's just hope the site doesn't start charging for downloads to recoup Sequoia's investment.





"We are going to continue to work with them to make sure they understand the reality of the Internet.  A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis




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