Do consumers want a more social side to video? Some $8 milllion to Chill, an online-only video service that works via Facebook, says they do. The cash comes from venture firm Kleiner Perkins Caufield & Byers, talent firm William Morris Endeavor, and others. Chill allows people to watch videos and comment on them in groups, live. The cash should help it grow faster, while the relationship with William Morris, a new investor, should help it reel in more content partners, a spokesman said. Its current partners include celebrity-news service TMZ and TV show Jimmy Kimmel Live, it said. About 18 million registered users have signed up with Chill, and around 10 million are regular visitors, the company said.
LiveShare, the brainchild of Palo Alto startup Cooliris, is currently available as an app on iOS and Android mobile devices. But the company has now created a presence outside of these mobile platforms by launching a Web-based platform, which makes the service a bit more independent.
The website, which went live today, is targeted mainly at students, digital moms, young professionals and ex-pats who want to communicate effectively, Cooliris co-founder and Chief Executive Soujanya Bhumkar said. The app, in particular, has some streed cred amongst the ex-pat community.
For Matt Murphy, partner with influential Silicon Valley Venture fund Kleiner Perkins and point person on the firm’s iFund, old-school is still the way to go.
During an interview at the Reuters technology summit, the VC said picking the right startups to back was tough, given that he had received 8,000 business plans for iFund, which invests in iPhone and iPad applications.
The onslaught of business plans from app developers escalated to almost 500 per day when the fund expanded to $200 million in March.