Print 14 comment(s) - last by jtesoro.. on Apr 9 at 9:48 AM

YouTube receives a second infusion of cash from Sequoia Capital

Everyone's favorite online video site 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.

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RE: Wow
By jtesoro on 4/8/2006 12:05:09 AM , Rating: 2
They may not have revenue model yet, but this will likely change in the near future. I think calling it a frivolous project is too early at this point.

RE: Wow
By xsilver on 4/8/2006 6:06:35 AM , Rating: 2
the moment they have a revenue model is when I'll stop calling them frivolous...

you do realize that there is the chance that they'll just go bankrupt right?

and the parent comany can just write it off as a tax break

google also makes a lot of revenue from more hidden means such as search servers just like they use on anandtech
from memory I think they cost $3000, for a p3 server + search software --- sell one to every company in corporate america = $$$$$$$$$$$$$$$$$$$$$$$$

RE: Wow
By Zoomer on 4/8/2006 10:37:41 AM , Rating: 2

Search up to 100,000 documents for just $2,995
New versions support up to 300,000 documents

RE: Wow
By Zoomer on 4/8/2006 10:38:35 AM , Rating: 2
Btw, rather nice case designs as compared to the boring beige.

Seems like Google has a few case modders in their payroll. :)

RE: Wow
By jtesoro on 4/9/2006 9:48:07 AM , Rating: 2
ANY business has a chance to go bankrupt, so I definitely realize that this could happen to them. Where's your money? Wherever you put it (even under your bed), you could lose it all too.

Some people have more appetite for risk than others. They take bigger risks to get potentially bigger gains. I wouldn't necessarily call them frivolous, but to each his own dictionary.

"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs

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