Where Did VCs Go Wrong In Online Video?

The following guest post was written by Ashkan Karbasfrooshan , founder and CEO of WatchMojo .You can also read his series on the state of Online video (Parts I, II, III , and IV ) video. . Yesterday's final implosion of video site Veoh , which declared bankruptcy after burning through $70 million of venture capital, was a long time coming. A lot of so-called smart money went into Veoh: investors included Goldman Sachs, Time Warner, Intel’s venture arm, Spark Capital and former Disney CEO Michael Eisner. And it was hardly an isolated incident. Joost, another high-flying video startup launched by the founders of Skype, went through $45M in VC money before ending up in a fire sale . Who’s next?