Red Herring 100: Babelgum - Competing with Joost
Very interesting company with a very cool name. I like the bubblegum thing :-).
My notes:
- Silvio Scaglia invested $13 Mio of his own money
- The burn rate is 30-40 Mio EUR per year
- Silvio Scaglia wants to generate 100 Mio EUR in revenues within maybe 3 years
- Silvio Scaglia says he is NOT competing with Joost right now: "You first have to build the pie before you can cut it. Right now we are building the pie. We build a whole new industry. So we’re rather working together with Joost than competing right now."
- Babelgum guarantees a CPM of 5 EUR for content owners.
- Babelgum has 40 employees now
- Babelgum will focus on professional content (no user generated content)
The service is in closed beta now.
Links:
Babelgum blog
Babelgum-Posting of Peter Schüpbach
Tags: red herring, red herring 100, red herring vme 2007
Categories: Entrepreneurship
March 26th, 2007 at 13:17
I have to say, I like Babelgum much more than Joost. First the quality is much better (well, it uses more bandwidth) and the content fits better what I like (or do you prefer Paris Hilton over Blog-TV?).
But I think, both will survive or die in this new market.
March 26th, 2007 at 14:51
[...] PS: Zusätzliche Infos auch bei Remo [...]