Video retrenchment begins, Juice Wireless going for broke
(Updated with substantial clarifications from Juice co-founder Nick Desai)
Juice Wireless, the New York mobile video-sharing start-up, is still on hunt for financing, raising questions about its prospects amid a retrenchment hitting the video sharing industry in the new year.
Juice is raising a roughly $3.5 million round of financing, now calling it a “bridge” to raise even more capital — in recognition that competition has raised the stakes, and will require more resources.
A month ago,… Continue Reading