Ex-Googlers Launch Instructional Video Site Howcast, Raise $8 Million A Round
A New York City startup called Howcast is launching today that wants to be the YouTube of instructional videos. In fact, the three founders—Jason Liebman, Daniel Blackman and Sanjay Raman—are ex-Google employees who worked on Google Video and YouTube before they left eight months ago. They actually are going for a little more polish than YouTube, trying to bring some production values to the world of Web video. Howcast is also announcing an $8 million series A financing, led by Tudor Investment Corp. In addition to their own site, they already have a Youtube channel (where they split advertising revenues with their former employer).
Source : www.techcrunch.com
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