Fred Wilson posted Here that Howard Lindzon got on a plane, went to NYC, hired a couple of awesome video producers named Adam and Jeff and a wonderful host named Lindsay. He set out to make a funny short video about Wall Street five days a week for less than $1000 per show. Adam and Jeff figured out how to do that and they’ve been online every work day since October 16th of last year. 10-months later = $5 Million deal..!!
Congrats are certainly in order..

Hotswap.com, a little-known internet video company, stole a little of the digital spotlight last week when Apple co-founder Steve Wozniak and Red McCombs, who co-founded Clear Channel Communications, said they would provide the firm with venture capital.

According to Wozniak, Hotswap’s solution to bring internet video into the 21st century is likely to yield results. “I like what they’re doing,” said Wozniak. “It’s definitely a step forward.”

btw: Hotswap lets people upload video of their stolen fancy wheels for sale!

via: iMedia Connection