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YouSendIt Raises $10 Million in Series B Round
- brlewis 19y agoWhat's the barrier to entry here? It looks easy to implement.
- nostrademons 19y agoIt is, apparently. I've switched to SendSpace ( http://www.sendspace.com/ http://www.sendspace.com/ ), and there's also MegaUpload ( http://megaupload.com/ http://megaupload.com/ )
- create_account 19y agoYes, it's called FTP. Remember that article about webifying unix commands? This is yet another example. And they got $10m! The bubble is back!
- nostrademons 19y agoYSI really is a good service - I use it all the time to send stuff to friends, or did before I switched to SendSpace. Many of my friends don't understand FTP, don't want to download a client, and just want to click on a link and get the file. Only problem is they have basically no barriers to entry, so it'll be hard for them to ever become more than a commodity. If they're lucky, they may be able to make a tiny profit by charging or advertising just above their costs, but if they ever get decent margins they'll be swamped by the competition.
- nickb 19y agoWhat they need all that money for is beyond me. I guess VCs need to prop it up even more before they flip it.
- staunch 19y agoBandwidth and storage costs could easily get into the millions over a year or two.
- aquateen 19y agoWho would pay for file sharing? Who would invest $10 mil in something like this? I've always wondered... if you raise millions through venture funding etc, are you allowed to just put it in your personal bank account?
- gms 19y agoI'm sure there are 50 million strings attached to this amount.