Adventures in Venture Capital
VYou, the NYC-based video question and answer site that raised $3 million back in May 2011, will be shutting down its consumer-facing product next week. The company, which operates from an office in SoHo, sent out an email to users today announcing that they will no longer be able to upload videos starting April 3rd. By April 5th, the site will shut down completely.
When we first joined VYou back in its beta phase, it seemed like just another platform for innocuous oversharing, albeit a higher maintenance one: instead of oversharing from bed in your PJs, you had to look rather presentable to record a video of yourself.
But now, as celebrities flock to the video question and answer platform as a new way to connect with fans, VYou is focusing on building out another aspect of its site: video-based knowledge sharing. In the upcoming weeks, VYou will be assembling groups of experts in various areas. Users can ask them questions and get responses directly from the experts.
Vyou, the New York City-based Q&A platform, has a very familiar face on its new service: media mogul Oprah Winfrey. The former daytime diva is using Vyou’s video service to enrich the recently-rebooted Oprah’s Book Club 2.0.
Cheryl Strayed, author of Wild: From Lost to Found on the Pacific Crest Trail–the Eat Pray Love-ish hiking memoir that inspired Ms. Winfrey to relaunch her book club–also joined Vyou answer reader’s questions. Both women have been soliciting questions on Oprah.com and posted recorded video answers today.