Feb 6, 2008
Revver About To Crash and Burn?
There are reports that Revver, the YouTube clone that pays the video producers, is on the market for $300,000 to $500,000. Any would-be buyer would also have to assume the company’s debts, thought to be around the $1million mark. Could be a bargain when you consider they raised over $12million in two stages across 2005 and 2006. Most web based businesses are solely about eyeballs and if you fail to attract them you need to find deep pockets in order to buy time.
Investors in Revver include Bessemer Venture Partners, Draper Fisher Jurvetson, Draper-Richards, Comcast Interactive Capital, Turner Broadcasting.
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