Video-Sharing

Internet video entertainment company YouTube has received $8 million in second funding round from Sequoia Capital. The Company completed an initial $3.5 million in first funding round from Sequoia in November 2005.

"This is the birth of a new clip culture where the audience is now in control more than ever," said Chad Hurley, CEO and co-founder of YouTube. Founded in February 2005, YouTube currently delivers more than 40 million video views every day with 35,000 new videos uploaded daily.

"YouTube is at the forefront of a cultural shift in digital media entertainment and media distribution and we are delighted to continue our support," said Roelof Botha, Sequoia Capital partner and board member. "With more than 100 million page views per day and 6 million unique users daily, YouTube has an opportunity to expand its business while allowing its users to continue to share in the entertainment experience they have created."