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Accel, Benchmark invest $15 million in Metacafe

Metacafe, yet another Flickr clone for video, but with good traffic stats, just raised a $15 million second round from Benchmark Capital and Accel Partners. The company is reported to broadcast about 300 million videos per month. Valuing startups on the last three months of traffic stats seems like a dubious investment practice.

Unfunded video companies should note that Sequoia has YouTube, Draper and Bessemer have Revver, Kleiner has Akimbo and One True Media, Mohr Davidow has Radar-Tiny Pictures, August has VideoEgg, Spark has Veoh, and then there is Google, Yahoo, Microsoft, and Amazon.

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This entry was posted Wednesday, July 5th, 2006 at 2:37 am and is filed under General, Startups. You can leave a response, or trackback from your own site.

2 Responses to “Accel, Benchmark invest $15 million in Metacafe”

  1. The Web VC Chart « Alex Iskold tech blog Says:
    September 13th, 2006 at 6:47 am

    [...] Inv: 15M (*) Alexa: 138 [...]

  2. Respectance.com » Blog Archive » Accel, Benchmark invest $15 million in Metacafe Says:
    January 16th, 2007 at 12:53 pm

    [...] (Television Archiving) Metacafe, yet another Flickr clone for video, but with good traffic stats, just raised a $15 million second round from Benchmark Capital and Accel Partners. The company is reported to broadcast about 300 million videos per month. Valuing startups on the last three months of traffic stats seems like a dubious investment practice. More… [...]

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