VideoEgg Hatches Venture Funding

VideoEgg Hatches Venture Funding

VideoEgg was born, well hatched really, in early 2005 when David Lerman, Matt Sanchez and Kevin Sladek were trying to crack the code on all things video (codecs, drivers and devices oh my!). At the time, the three Yale grads were involved in a social venture that was matching non-profit organizations who needed public service announcements (PSAs) with a nationwide network of filmmakers who were itching to make video with their cool new digital cameras and desktop NLEs. With all of the different devices, editors, encoders, and players, there really wasn’t a simple, foolproof way for people to get video on to the web. They all agreed that posting video should be as easy as uploading a photo, so they set out to design and build the VideoEgg Publisher which launched. The company just closed a round of venture capital with August Capital.

Via: Search EngineWatch

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