In a sign of the viability of the online video video and the multiples it can command, StumbleUpon, a small start-up that allows its users to organize and share video favorites, has agreed to be sold to eBay for $45 million, according to a report by Michael Arrington of TechCrunch.
Michael says the company was funded with just $1.5 in seed money. Wow.
Om Malik has a very interesting take on the deal.
I’ve posted my video interview with StumbleUpon co-founder Garrett Camp on this page. Garrett is very nice chap from Canada who moved to San Francisco not too long ago. Here’s my original post.
I reached a company spokesperson by phone a short time ago who declined to comment on the purported acquisition, citing a policy of "not commenting on rumors."
– Andy Plesser
Posted on 04/18/2007 at 4:36 PM by Andy Plesser