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.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/3AolNdiO4N4/
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