Mashable’s reporting that it’s got a source that’s reporting that Veoh’s close to bankruptcy. CEO Dmitry Shapiro then offered Mashable a “no comment” when contacted.

I feel pretty bad for Veoh. It was part of that fleet of Youtube clones that popped up once someone realized a dog riding a skateboard could equal big cash (that person being Google, who purchased the video service back in 2006 for $1.6 billion dollars).

Speaking as someone who’s used Veoh, it seems to only exist to store copyrighted content that Youtube weeds out – episodes of old TV shows, namely. But at one time, it raised $70 million dollars in funding from the likes of Time Warner & financial titan Goldman Sachs.

The site saw its user base decline steadily, from +5.5 million unique visitors in December ’08 down to 3.2 million unique visitors in December ’09, so I guess this isn’t a  huge surprise. Still, it’s sad to see them go.

You gave it your best shot, Veoh.

Source: Mashable

Photo Source: Veoh

Asterios Kokkinos

I've written for National Lampoon & Cracked Magazine, been featured on NPR's "Marketplace", and had a pilot screen at the New York Television Festival. I've performed stand-up all over NY, Boston & LA. I love Babylon 5, yelling at the TV with my dad and naps.

leave a comment

Create Account

Log In Your Account