This Bucket’s for You!
Posted May 3, 2006 by Jasmine Antonick
Sector: image and video hosting
Headquarters: Palo Alto, CA
Management: co-founders Alex Welch and Darren Crystal
Funding: Angel funding last year, not looking at the moment for more funding. According to Peter Pham, director of business development, photobucket is a profitable cash flow business.
Secret Sauce: photobucket says it has the largest number of users, bigger than flickr and YouTube = the total number adds up to more than 15 million. The company also reports that two million new users a month sign up for the service. They attribute this large number to “ease of use and reliability.” Conent is moderated = no porn (almost, it’s hard to keep track of more than 1 billion images.) Company plans to employ 30 people in Iowa (which some say is “practically India”) to moderate the content. Business model is ads and premium subscription ($25/year for 5 gigs of storage) and image printing (paper, tshirts, posters and mini-books).
Seen and Heard: According to calculations based on overall Internet traffic in the US, photobucket funnels two percent of that traffic. Uploading 4 million images and 30,000 videos a day. Impressively, 60 percent of all MySpace profiles have at least one piece of photobucket content! (That number was confirmed by Jason Whitt of Vantage Point ventures). CNNMoney writes: “Another company, PhotoBucket, is making a name for itself by allowing people to upload photos and videos and copy links to the videos to social networking sites like MySpace and Facebook.”
This Bucket’s for You!
Posted May 3, 2006 by Jasmine Antonick
Sector: image and video hosting
Headquarters: Palo Alto, CA
Management: co-founders Alex Welch and Darren Crystal
Funding: Angel funding last year, not looking at the moment for more funding. According to Peter Pham, director of business development, photobucket is a profitable cash flow business.
Secret Sauce: photobucket says it has the largest number of users, bigger than flickr and YouTube = the total number adds up to more than 15 million. The company also reports that two million new users a month sign up for the service. They attribute this large number to “ease of use and reliability.” Conent is moderated = no porn (almost, it’s hard to keep track of more than 1 billion images.) Company plans to employ 30 people in Iowa (which some say is “practically India”) to moderate the content. Business model is ads and premium subscription ($25/year for 5 gigs of storage) and image printing (paper, tshirts, posters and mini-books).
Seen and Heard: According to calculations based on overall Internet traffic in the US, photobucket funnels two percent of that traffic. Uploading 4 million images and 30,000 videos a day. Impressively, 60 percent of all MySpace profiles have at least one piece of photobucket content! (That number was confirmed by Jason Whitt of Vantage Point ventures). CNNMoney writes: “Another company, PhotoBucket, is making a name for itself by allowing people to upload photos and videos and copy links to the videos to social networking sites like MySpace and Facebook.”
