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April 10, 2012 07:12 pm GMT
Back in July of last year, Animoto, the startup that lets people easily create good-looking videos from user-uploaded audio, video, images, raised $25 million in venture funding, led by Spectrum Equity Investors, bringing its total outside investment to $30 million. As Mike pointed out at the time, were Animoto interested in a quick sale, they would likely have taken an exit in 2009 or 2010. However, the big series C round seemed to be an indicator that Animoto had other plans, like the goal of turning the company into a giant.To help in its quest to do just that -- to build on a user base that's now 4 million-strong, Animoto is today announcing the addition of former President of Mobile and Consumer product teams at Aol, Brad Garlinghouse, to its board of directors.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wYV3ONwAREI/
Now At 4M Users, Video Startup Animoto Adds Former AolYahoo Exec Brad Garlinghouse To Board
Back in July of last year, Animoto, the startup that lets people easily create good-looking videos from user-uploaded audio, video, images, raised $25 million in venture funding, led by Spectrum Equity Investors, bringing its total outside investment to $30 million. As Mike pointed out at the time, were Animoto interested in a quick sale, they would likely have taken an exit in 2009 or 2010. However, the big series C round seemed to be an indicator that Animoto had other plans, like the goal of turning the company into a giant.To help in its quest to do just that -- to build on a user base that's now 4 million-strong, Animoto is today announcing the addition of former President of Mobile and Consumer product teams at Aol, Brad Garlinghouse, to its board of directors. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wYV3ONwAREI/
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