I like How-To Videos (given my tech clunkiness and general lack of handiness around the household.) This is evidence that good How-To videos can actually make some money.
Sent to you by Tan Yinglan via Google Reader:
How-to video site Howcast has raised $1 million of a $3 million round of funding, according to an SEC filing. CEO Jason Liebman tells us that because of "strong market traction," the company is "selectively expanding participation for growth capital." Users can upload their own how-to videos to the Howcast site; they are also distributed to other sites, including YouTube and Hulu. The startup raised $8 million in a first round led by Tudor Investments in February 2008; it added $2 million to the round last October. Backers include AOL (NYSE: TWX) CEO Tim Armstrong and MySpace chief product officer Jason Hirschhorn.
Related
- Ex-Googlers' How-To Site Howcast Raises $8 Million First Round
- Howcast Adds $2 Million To First Round Financing
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