Hard to believe but true. It feels like the world just discovered online video in 2006. Now, a company with a dumb name called EeFoof manages to raise a bit of money for something that looks a lot like 30 other sites out there. I don’t have a crystal ball but I’m going to suggest that the world doesn’t need another video sharing site unless there is something really unique about it. I’d love to see the economics of one of these new, young video sites. After all, somebody is convinced this is worth a fair amount of money. Hmm. Very, very interesting. Most of these sites just cannot make it. On the other hand, Zooomr managed to get traction in spite of Flickr’s apparent domination. Rising tides won’t lift all the boats in the video space but hopefully a few will manage based on excellent execution and unique features.
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