Quote:
Originally Posted by Luc
actually, i don't know about that thing starting from a garage. they were blasted off with about $5 million in VC money so that helps quite a bit.
if you watch their videos, the ones taped and uploaded by the youtube staff at the youtube offices, you'll have a pretty good idea as to what kinda crowd it is.
the service was never meant to make any money. that's why it loses every month, that's why they have so much copyrighted contant, it was meant to be developed and sold, which they did pretty fucking well.
but, the VC money pushed it through. i think they burned through about $30 million total before this buyout.
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just was driving and local radio station was saying that heeheh "everything starts from a gargae lol"