Webcam Social Network, TokBox Has Raised $4 Million From Sequoia And Other Angel Investors
“Video communication has never really taken off, despite the fact that people talk about it as a part of the future.”
-Serge Faguet, TokBox CEO
TokBox is a San Francisco, Calif. based video company that focuses on the interaction of live chat through the use of a webcam. TokBox has raised $4 million in Series A from Sequoia Capital recently. The idea behind the site is for users to engage in a deeper interaction by chatting live with each other through embedding TokBox module into their MySpace and/or Facebook profile pages along with personal websites.
Positioning themselves in Silicon Valley, TokBox was able to attract several advisers. Rajeev Motwani, a Stanford professor and an early adviser for Google provided TokBox with some investment and is acting as a counselor. Co-founder of YouTube, Jawed Karim, is also an investor in TokBox and now has a position on their Board of Directors. And Tony Bates, a Senior VP at Cisco is helping TokBox with technology support.
The company was co-founded by Serge Faguet, a former Google employee. TokBox’s new office space will be in the same location as where YouTube got its start.
 New York Times: Video Chat Service Aims to Follow YouTubeâ€™s Path