Video Q&A Site VYou Gets $3M
Since its launch this past November, VYou says it has attracted over 20 million views and 30,000 user sign ups. Founder Steve Spurgat tells TechCrunch that he doesn't liken the company to a Quora or Formspring for video. Rather, he "chose the video element because it was simply the fastest way to achieve his ultimate goal of advancing how people communicate online."
According to TechCrunch, the round was led by RRE Ventures and Highland Capital Partners, along with High Peaks Ventures, Broadway Video Ventures, Kevin Wall, David Tisch and Rick Webb.