Qpixel Technology, a Cupertino chip company, is the latest to benefit from excitement surrounding video sharing. It specializes in low-power digital video and audio compression, and has just raised $25 million in its second round of funding led by Oak Investment Partners (you'll have to go to the Website to find the announcement; there is no link).

Speaking of Oak, the Washington State Investment Board still hasn't gotten back us about why it has invested public money into Oak despite its mediocre performance. We're assuming there's a decent explanation; we'd like to hear it.