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Video Sharing Site Eefoof Gets Angel Money

By Rafat Ali - Fri 03 Nov 2006 01:18 PM PST

Lotsa angel/seed fundings happening: this time, San Diego-based Eefoof, a video sharing site that does a rev share with creators, has just raised $225K in angel funding from the Tech Coast Angels.
As AlarmClock explains, Eefoof was co-founded by Kevin Flynn who previously co-created Peanut Butter Jelly Time - a Flash animation that emerged in the early 2000s and became an Internet phenomenon.

Posted in: Social Media, VC+M&A

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3 Responses:

From LP Fri 03 Nov 2006 03:59 PM

Can you say irrational exuberence?

From Brandon Sun 05 Nov 2006 10:01 AM

You have to love Internet evolution. Here is a site based on a youtube-ish model but with a healthy dose of revenue sharing (and author advocation) ... and all from the man who brought you the “Peanut Butter Jelly Time” animation. I love it.

This proves to be an interesting site. I plan to participate, and it’ll be fun to see how it evolves. Thanks for posting the story. Good stuff!

-Brandon

From Jeff Sun 05 Nov 2006 04:00 PM

When was the last time irrational exuberane was correctly predicted? I think I remember real estate was the last prediction and the value still goes up?