I spotted Ron Conway at a charity event yesterday and asked him what his next investment would be in. “Internet Video.”
I raised my eyebrows in shock. I wondered if he had heard of YouTube, but bit my tongue.
Conway must have guessed what I was thinking though. He looked me up and down for a moment, bowed his head a little and dropped his voice conspiratorially: “Internet video is exactly where search was in 1998, when nobody thought you needed Google.”
It should be no surprise then that angel investors are flying to fund video and audio search companies. The latest in this trend is Pluggd, a startup that raised $1.65 million from Intel and a group of angels, Conway not included, according to VentureBeat. Other startups in the space include Pixsy, Podzinger and CastTV.