Seesmic Lands Additional $6M Investment, Launches New Player
Jun 20th, 2008 | By Elisabeth Lewin | Category: Video
Video conversation / social networking community Seesmic moved out of beta and opened up to the general public last week. The company launched in the fall of 2007, and raised $6 million in its “A” series of funding late this winter.
Today, Seesmic founder Loic LeMeur announced that the company has raised an additional $6 million in funding. The “B” series investors include Wellington Partners and eBay founder Pierre Omidyar.
LeMeur commented on his blog about the investment:
“We were not raising funds as we had just closed the A round and that is probably the best way to raise money, when you do not need it! It is more about Pierre and Eric joining us than their investment per say, which we are very happy to have of course.”
This announcement came on the same day that Seesmic made available and embeddable video player that can display threaded comments, which can be used on other sites and platforms, such as Facebook, MySpace, “anywhere you can put an embeddable player.”
The advent of the new embeddable, threaded video player has itself sparked a fresh round of controversy, however. Dennis Howlett has a great explanation of the row in his Enterprise Alley column at ZDNet, positing that “this new addition would appear to break its own terms of service.”
Additional brouhaha is simmering between LeMeur and Phreadz (”a threaded, multimedia conversation” application) creator Kosso over the matter. Christian Payne has a NSFW video interview with Kosso on Qik.
It will be interesting to keep an eye on Seesmic, to see what happens to the company as the number of users grows with the program opening to the general public, and with the additional infusion $6M in funding. As for the logistics and propriety of sharing user-generated content in an API universe, I’m sure a lot more will be said on the matter in the coming days and weeks.
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