Seesmic gets big league backers
The New York Times reports that Seesmic, a video social networking site founded by Loic Le Meur, a successful French tech entrepreneur and one of Europe’s most widely read bloggers, expects to seal agreements for more than $5 million in financing in the next few weeks from investors including AOL founder Stephen Case, Skype founders Niklas Zennström and Janus Friis, LinkedIn founder Reid Hoffman, and leading Internet business angels such as Ron Conway of Angel Investors, according to BusinessWeek.
Seesmic is something like a cross between Facebook and YouTube, where users can post videos of themselves talking, then other users can pick up the conversational thread by posting videos of themselves responding.
But what really sets Seesmic apart, BusinessWeek says, is its business model, which gives a whole new meaning to “building a company online.” Every day since setting the company up in October, Mr. Le Meur has filmed himself talking about what he needs to do next. He posts the videos on a site, www.loic.tv, whose 5,000 viewers serve as an ad hoc advisory board.
Original story from BusinessWeek.
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