Howcast lands $2M more for how-to videos
Instructional video producer Howcast Media reeled in an additional $2 million in first-round financing from private individuals in the media industry, reports VentureWire. This bumps its total to $10 million, with some funding coming from Tudor Investment.
The New York-based website, founded by three ex-Googlers, provides a fairly large library of how-to videos sorted into categories like pets, parenting, fitness and food. For example, there are 12 videos explaining how to successfully break up with someone,… Continue Reading
Ontario government backs Verdant Power tidal energy project
Hoping to capitalize on the tremendous amount of free, tidal energy offered by the St. Lawrence River, the government of Ontario has committed $2.2m for a 15 MW underwater turbine project to be handled by New York-based Verdant Power. The turbines will be installed on the floor of the river and used to generate enough electricity to power up to 11,000 homes.
Company officials estimate that there may be enough power in Canada’s water currents, rivers… Continue Reading
Ads, ads everywhere: SpotRunner, Rhythm get big $ infusions
Updated
The advertising revolution continues, in both the Internet and wireless worlds.
Spot Runner, the internet start-up that gives advertisers an easier, cheaper way to insert their ads into local TV programming, has raised $40 million more in backing.
And Rhythm NewMedia, meanwhile, has soaked up $18 million more in venture capital, to claim a stake in the other sexy ad area right now: inserting ads in wireless video clips.
This is a lot of money for… Continue Reading
Roundup of best Silicon Valley news: YouTube, FON, Ning & more
Catching up:
YouTube is making $7.5 million a month –Everyone has been guessing whether YouTube is profitable, given the high costs it faces hosting all its videos. This guy says YouTube is doing $7.5 million a month in ads, and is profitable.
FON, the company that wants to encourage people to share their WiFi routers, having problems? — The general manager of US division has left. We’re beginning to think this Fon idea my be too clunky to fly…. Continue Reading