Rumor: DanceJam To Be Acquired From Purevideo Networks
DanceJam is a website that focuses on videos of people dancing. DanceJam was founded by Geoffrey Arone, Anthony Young, and MC Hammer (Stanley Burrell). According to a TechCrunch source, the company will soon be acquired by Purevideo Networks. TechCrunch founder Michael Arrington is an angel investor in DanceJam. The financial details were undisclosed by the source. DanceJam launched around November 2007 and raised $4.5 million in total funding.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry