Eyespot Shuts Down (Did Someone Press Fast-Forward on the Video-Editing Startups?) (://URLFAN)

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Eyespot Shuts Down (Did Someone Press Fast-Forward on the Video-Editing Startups?)

Post Date: Oct 02, 2008 11:30 p.m.
Ranked website: newteevee.com (Ranks #932 of 3,783,534)

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Eyespot , a San Diego-based online video startup, has shut down operations and is trying to sell its assets. News of the dissolution comes via a Twitter from Eyespot co-founder David Dudas picked up by TechCrunch . Eyespot had initially offered web-based video editing tools before changing strategy earlier this year to be yet another white-label video vendor. Its white-label customers had at one time included Demand Media’s eHow and ExpertVillage. The company raised $3.7 million in October 2006. The web video editing tool market has seen a lot of carnage and also payouts along the way. It’s never been all that clear to me exactly why some companies lost and some won. For some reason the little sliver of a sector played out in fast-forward compared other online video startups, many of whom continue to trudge along. Here’s a quick recap (imagine it being played to a video montage, if you like): Yahoo acquired Jumpcut but seems to have let it d...

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