It’s official. YouTube of Menlo Park has raised venture capital from one of Silicon Valley’s top-dog venture capital firms, Sequoia Capital.
Unlike the preliminary whisper last month that the round was for $5 million, the round is actually $3.5 million, according to the company’s statement. Remember, this is the company that allows people to easily upload, tag, and share personal video clips, and is billed as the “Flickr of video.” We found the site noteworthy and previously mentioned it here.
By the way, doesn’t it seem that PayPal, the online payments company that was bought by eBay for billions, is a success that has an amazing number of fathers? It’s almost as though every new company we discover is…
started by somebody who founded or at least was a pioneer at PayPal. So YouTube says it was founded by “early commerce pioneers” from PayPal. And of course it is being funded by Roelof Botha, Sequoia Capital partner and former CFO of PayPal.
Yesterday, we wrote about Yelp, which is one of three companies incubated by Max Levchin, co-founder PayPal. Then you’ve got LinkedIn‘s Reid Hoffman, who was “in charge of all business relationships” at PayPal. LinkedIn is also funded by Sequoia, where another leading partner Michael Moritz was a main backer of PayPal. You’ve got the Founders Fund, which was launched by three PayPal co-founders. And this list is just off the top of our head….How many other PayPal fathers are running around? Have we missed any?
UPDATE: Corrected location to Menlo Park. Also, note this space is pretty crowded, as the comment below makes clear.