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.