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Movieclips Puts $3 Mil In the Can

  • GigaOm, Tuesday, November 9, 2010 11:22 AM
Film clip aggregator has raised $3 million in a Series A round of financing, GigaOm reports. Company co-founder Zach James tells the tech blog that the investment "will be used for the curation of our site and the content there." Shasta Ventures and First Round Capital led the round, along with a number of angel investors, including Jeff Clavier of SoftTech VC, Aydin Senkut of Felicis Ventures, Naval Ravikant and Nivi Babak of VentureHacks, Jeff Kearl, and Tom McInerney.

A "drive toward curation has led to Movieclips creating additional editorial content, including video mash-ups of great film moments, including screams, marriage proposals and cougars," according to GigaOm. "The hope is that by creating such compilations, site visitors will be exposed to films they might not have discovered." According to James and co-founder Richard Raddon, Movieclips' true value is in offering users a way to find out about new movies they may want to see. Presently, the site has more than 14,000 clips drawn from over 1,400 film titles.



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