Dec 29, 2011
Blip.tv Just Raised $6 Million, But Where Is The Audience?
Blip Networks, which operates Blip.tv, is raising more money. According to an SEC filing, the New York City company sold $6 million worth of stock beginning on December 22, 2011 in an offering that could expand to as much as $11.1 million. Presumably, this is part of a Series D offering, since Blip raised a $10 million Series C in May, 2010, almost 18 months ago. Blip is trying to become a destination for indie online videos. But it is becoming increasingly hard for any video site that is not Youtube to carve out a niche for itself.