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 Send to email | Video Site Metacafe Founders Cash Out (Finally) in General |  By Silicon
el 29-Apr-2008 | 
The co-founders of video site Metacafe, Arik Czerniak and Ofer Adler, have left the company and cashed out their stakes for $5 million ($2.5 million apiece), according to a report in Israeli paper The Marker, via TechCrunch. Both had long since left day-to-day management of the video site; Czerniak stepped down as CEO in February 2007 and Adler was an investor and advisor.
The two reportedly owned 5% of the company, implying a $100 million valuation. That's going to disappoint the investors who've sunk more than $45 million into the company so far. Back in 2006, MetaCafe was a couple of pen strokes away from a deal with Yahoo, reportedly for something in the $200 to $300 million range; management changes at Yahoo (Sue Decker up, Dan Rosensweig out) scuttled the deal.
Metacafe confirmed the departures but declined to comment beyond a statement: 'This matter is personal and private to the individuals, but we appreciate Arik's contributions as the founding CEO and Ofer's early support as an investor. We are glad we came to an amicable parting, with the support of our existing investors, the Metacafe team, and founder and Chief Product Officer Eyal Hertzog.'
Outside of YouTube and the big portals, Metacafe is the biggest purveyor of the kind of silly user-generated shorts that pervade the Web and are hard to sell to advertiseres. In March, it was the 13th-largest video site, according to Nielsen. The site served nearly 4 million unique viewers in March, according to Nielsen's Video Census, a 6.5% decrease from February. YouTube had 69.6 million unique viewers in the same month.
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| Facebook Running Out Of Cash? Good! | | Some say Facebook is running out of cash. Good. Maybe now the social network will buckle down and take some of the money Madison Avenue wants to throw its way in order to reach the site's 120 million active users.
[..] Read complete article | | Published 04-Nov-2008 by Silicon in General
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Will Ferrell's Game Or Die Coming Soon? [Humor] | | The Will Ferrell backed comedy web site Funny Or Die may be getting a video game themed spin-off, according to NewTeeVee. Site CEO Dick Glover told NTV that what ultimately may be named Game Or Die, will be "a very broad-based site" with a video g [..] Read complete article | | Published 23-Apr-2008 by Michael McWhertor in funny or dieHumorWill Ferrell
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| Meanwhile, back at the plantation | | Bebo founders Michael and Xochi Birch are the latest Web 2.0 entrepreneurs to cash in on user-generated content. A little over a week ago, the Birches sold Bebo, the third largest social network, to AOL for $850 million, about $600 million of which will reportedly go into the pockets of their jeans. As for the millions of members who have happily served as sharecroppers on the Birches' plantation, [..] Read complete article | | Published 22-Mar-2008 by Rough Ty in General
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| Muxtape: Make A Mix Tape, Make Some Cash? | | Perhaps the hottest site at tonight's New York Tech Meetup: Muxtape, the dead-simple music sharing/discovery site created by former Vimeo/IAC developer Justin Ouellette. What is it? The 21st Century equivalent of the mix tape -- [..] Read complete article | | Published 02-Apr-2008 by Silicon in AAPLAMZN
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| Blip.TV's Series B: $5.2 Million | | How much did NYC-based Web video site Blip.TV raise in its series B financing, led by Bain Capital and announced in October? $5.2 million, according to a regulatory filing dug up by PEHub.
(PEHub is owned by Thomson Reuters, the SEC's records copying contractor.)
Earlier: Blip.tv Scores Bain Cash Just Before World Ends
[..] Read complete article | | Published 16-Nov-2008 by Alley In in General
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