HowStuffWorks raises whopping $75M for instructional video site

HowStuffWorks, an Atlanta company, has raised $75 million in private equity from Capital Research & Management and Chilton Investment Co., to build out its instructional video site.

See story here.

It hosts videos on everything from how credit cards work to how Asimov the robot works. Also, any company will have products it wants to demo, and HowStuffWorks wants to host it in an easy place for people to get to. Often, corporate videos get lost within large corporate sites.

The company was founded by North Carolina University professor Marshall Brain in 1998, and was purchased by the Convex Group in 2003. Brain remains at the company, but Jeff Arnold, a founder and former CEO of WebMD Inc., is chairman and chief executive.

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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

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