Joost Raises $45 Million. Who Wants Invites?

Joost has been a viral hit thus far and many investors want in. Given that YouTube’s model gives a lot of power to users, the company is struggling to conform to the demands made by television networks. Viacom announced recently that they would be suing YouTube for $1 billion because of this.

However, it is in the television networks’ interest to partner with companies that have growing user bases and can host video content for them. This is why it does not shock me that Sequoia Capital, Index Ventures, CBS Corporation, Viacom Inc., and Li Ka-Shing (the 9th richest man in the world – $23 billion) have invested a total of $45 million in Joost. Sequoia Capital is also an early investor in Google and YouTube.
“This funding represents a tremendous vote of confidence in Joost’s platform,” stated Janus Friis and Niklas Zennström, co-founders of Joost. “We’ve carefully selected these investors from a variety of interested parties” because they can help Joost “accelerate growth and development of the company.”
[Information Source: WSJ]

The same founders of Joost also created Skype and Kazaa. Skype was acquired by eBay Inc. for a few billion dollars and Kazaa faced legal battles with the RIAA over music download abilities. Joost also has a dark side: spyware support.

I still have hundreds of invites so if anyone wants them, comment on this post.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Joost Raises $45 Million. Who Wants Invites? Comments

  1. Tim says:

    If its possible i would like an invite. Thank you

  2. DAVID Monson says:

    please send me an invite

  3. Jasper says:

    Hi, can i please get an invite

  4. Amit Chowdhry says:

    The service is down right now. As soon as it comes back up, I’ll send it you guys.

  5. Michael says:

    Hi, please send me an invite when the service is back up. Thanks!

  6. Ozzy says:

    Hey, I would love an invite if you still have some spare.

  7. Amit Chowdhry says:

    I’ll check tomorrow morning if the service is back up. If it is, I’ll get the invites to all of you as soon as possible.

  8. ron says:

    If you’ve some left I’d love to have an invite, too.


  9. Amit Chowdhry says:

    Joost is still down. As soon as comes up, I’ll for sure send the invites out.

  10. Amit Chowdhry says:

    Turns out I needed to upgrade my software. Everyone should have an invite by now.

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