Gated Video Site MyPod Studios Reportedly Killing It In Just Six Months


MyPod Studios is a curated video site with half a million in funding, a headquarters in New York and a beaming, brown-bobbed “hostess” named Bridgette who excitedly welcomes each new visitor to the site’s collection of video entertainment.

The site, which launched in September 2011, has an announcement to make: it had more than five million unique viewers in December, making it the 191st most trafficked site in the nation according to Quantcast, “right behind, blip.tvand and just five spots behind,” as MyPod notes, all with a team of five. “Advertisers and consumers are flocking to the site, and they are profitable after only six months,” a rep wrote in an email to Betabeat. Read More


Is IAC Trying to Sell Off Half of Vimeo?


It’s possible that beloved New York startup scene original gangster Vimeo could go the way of Seamless or Reddit, startups that spun out from their corporate owners.

IAC is seeking new investors to buy up a 25 percent stake in Vimeo, the video-sharing platform best known for being prettier than YouTube, as PandoDaily’s new ace of the East Erin Griffith reported last night. While Ms. Griffith misspelled co-founder Jake Lodwick’s name and at one point identified IAC as IAB, we’re taking this story seriously. Is IAC, the owner of a wide range of successful ( to dubious (The Daily Beast) to very dubious (, still identified as AskJeeves in SEC filings), really trying to sell half its hippest property just as Vimeo launches a major redesign? Read More

shameless rumormongering

Rumors & Acquisitions: What Happens to Zach Klein’s Cabin Now?


NO FUNDING FOR PRESENTS. Last week, a source told Betabeat that outdoor advertising disruptor ADstruc was running low on its Series A funding and would have to raise another round soon.

Not true, says ADstruc’s John Laramie. “We raised $1.1m on September 27th 2010, which means we would have had to burn $90,000 a month for a team that was just four people as of a month ago to be officially out of money,” he said in an email. “ADstruc isn’t even close to spending that much money on a monthly basis. We couldn’t be more pleased with how and where we have invested our money and the great results we continue to see.” However, Mr. Laramie had promised Betabeat a present. We never got said present. Also, when we asked if this meant ADstruc was not raising a round, Mr. Laramie stopped responding. The company is now up to six people and hiring for three positions. Read More