the title is taken from Dan Rayburn's latest blog post. I couldn't agree more. As an investor, I'm waiting for the post-bubble in the sector, trying, in the meanwhile, to understand the winners worth selecting at a later stage in this space (Akam, without any doubt, and who else?)
>>New CDN Conviva Gets $20 Million In Funding: VCs, Stop The Insanity!
With VC funding for CDN and P2P delivery networks already topping $325 million in the past 18 months, it was no surprise to see Conviva, formerly known as Rinera Networks, announce this morning that it has raised $20 million in a series B round led by UV Partners with participation from Series A investors New Enterprise Associates (NEA) and Foundation Capital.
My personal estimate is that less than $50 million a year in revenue comes from the delivery of live video. And right now, Akamai and Limelight combined have at least 75% of that market. So is Conviva saying it is trying to challenge Akamai and Limelight for that business?
Wednesday, August 27, 2008
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