Joost!
Holy crap! Joost has just announced that it has raised a whopping $45M in its first institutional round. Investors include Sequoia and Index, as well as CBS, Viacom, and a Chinese billionaire.
Also, they are going into open beta very soon.
My thoughts:
- If I hadn't mentioned it before, holy crap!
- This answers my question of how CBS plans to compete with the NBC-News Corp Internet venture.
- It will be really interesting to see how these projects deal with scaling effectively once millions of users tune in. P2P works more or less fine when it comes to transmitting audio (i.e. Skype); let's see how the architecture handles video.
- I'm so jealous that Sequoia always gets in on these projects
Behold the future of television, folks. You can tell your kids you were there in the early days.
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