Fora.tv Gets $2 Million For Current Event-Focused Videos
The “C-SPAN of the Web,” as Fora.tv has been called, has finished its second round of funding, tacking $2 million to the $6 million it had raised so far, VentureBeat reports. Investors of this round were not disclosed. Fora.tv secured its first round of $4 million in May and had earlier received $2 million in seed funding from *Adobe Systems*, investor Will Hearst and others. The SF-based site provides online and mobile video of live speeches, debates and conferences produced by up to 145 partners, including C-SPAN, Georgetown University and Times of London. In October, Fora.tv announced in its blog that it had racked up 5,000 subscribers and 3.5 million video views on its YouTube channel.
$6m for 3.5 million views and 5000 subs?
Our YT channel is 4 months old and poised to hit 2 million views and 3000 subs. We have built our fitness and exercise show up from ground zero to become one of the most watched and fastest growing fitness shows online. BodyRock.Tv
The majority of this money will be spent by the ego – who do these guys think they are TV?
It is amazing that with credibility companies such as Fora.tv can get funding worth million of dollars while there are great ideas coming up from every nook and corner of the web world