Truveo exits for $50 million
Filed in archive Venture Capital on January 11, 2006
Apparently video search specialist Truveo has managed to exit for a nice sum of $50 million. SiliconBeat has the scoop:
"Wow, you can launch a start-up these days, and in two years sell it for a pretty nifty sum.
Truveo, the Burlingame start-up that was launched in January 2004, has been sold to AOL. We've heard from a pretty good source that it was $50 million.
Looks like they came up with some new technology, which collects so-called "metadata' for video files. This makes it easier for users to search for such files (see snippet below from Truveo's site). The technology might be their differentiation, and probably explains their success. So this will break open the debate: Is the sale amount evidence of bubble, or a just a premium price paid for Good Technology?"
Truveo, the Burlingame start-up that was launched in January 2004, has been sold to AOL. We've heard from a pretty good source that it was $50 million.
Looks like they came up with some new technology, which collects so-called "metadata' for video files. This makes it easier for users to search for such files (see snippet below from Truveo's site). The technology might be their differentiation, and probably explains their success. So this will break open the debate: Is the sale amount evidence of bubble, or a just a premium price paid for Good Technology?"
Permalink: Truveo exits for $50 million
Tags: video search million truveo technology exits+million truveo+exits venture+capital
Vote for Truveo exits for $50 million:
|
Rating: 10.00 out of 1 vote(s) cast.
|
| RSS |  |
 | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
Most Popular
Airline Loyalty Programs
Creative Weblogging
Entrepreneurship
Events
Global Economy
Hotel Loyalty Programs
Politics
Technology
Venture Capital