Series A - $6 million with Atomico (Niklas Zennstrom and Janus Friis), Ron Conway, Steve Case, Jeff Clavier, Michael Arrington, Dave Winer, Martin Varsavsky and other investors.
Competitors
No direct competitors. Related companies include Twitter, YouTube, Blinx, Kyte.TV and BlogTV
Product Description
Web 1.0 was about content. Web 2.0 was about people and community. The next iteration of the Web is about blending the two. That’s where Seesmic comes in. Seesmic’s rich platform enables deep connections among its users using video as the conduit. The highly interactive and engaging interface creates a forum for conversations on any subject among users who are spread all around the world.
Market Opportunity
According to a recent report by Forrester Research, spending for online video advertising will reach $7.1 billion in the US by 2012. The growth of “customer-centric” ad formats and expansion of user-generated content represents new revenue streams – including proliferation of revenue sharing opportunities benefiting both users and marketers.
DEMO Says
The blogging community is calling Seesmic the “Twitter of video.” The blogging community is missing the bigger picture. Seesmic is changing the way people talk with one another all around the world. It’s changing the way people relate to the camera. It’s changing the concept of user-generated content. Now, as Seesmic goes mobile, it’s changing the places from which we communicate with our communities.