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CrunchyRoll Crunches Into $4.05 Million Series A
Update: Mike and Tony have good overviews of the copyright issues facing crunchyroll.
Called the Asian YouTube by some, video sharing site CrunchyRoll has picked up $4.05 million Series A venture capital today, reports PE Hub. Venrock led the round, with partner David Siminoff joining the board of directors. The site is mainly focused around anime but has content in a variety of areas including music and cars.
Videos are available in h.264 hi-def where available but there’s no embed option. Perhaps this is due to the costs of hosting which CrunchyRoll founder Shinji mentions are continuing to increase — perhaps the funding will help in this area. Videos can be crunched which is Digg-like, higher crunched videos move to the front page.
CrunchyRoll recently removed all ads on the site and the blog post is worth reading. They are currently generating revenue from donations with badges for users who provide a donation. We wrote about how well badges work for Flickr, so why not for CrunchyRoll as well? Of course, donation-based revenue generation requires an active, passionate and very loyal community.
Thanks – they must have changed it – unless I am blind it said 3.05 this morning! But I’ve corrected it.
I will send you a mail about payscroll later today.
Hey Allen
It’s saying $4.05M in the PE Hub link. I doubt they would want to brek this news to the community, it would seem to work against their donation badges, you think?
By the way, I was trying to get in contact with you since you mentioned a while back in a comment thread that you were interested in writing about PayScroll and I would also love to have CN’s readers critics about our site.
I would love to talk if you have the time! Thanks!
Thanks
Alfred Toh
Email: alfred.toh@payscroll.com
Cofounder, PayScroll.com
http://www.payscroll.com
=======================================
PayScroll.com empowers job seekers with a one-stop career site featuring a salary search tool, a job search tool, and a business networking platform.
I work right across the hall from the Crunchyroll guys and I’m about to go over there and say congrats. Those guys really bust their butt and have the community at the forefront of their strategy. Great sense of humor too (they’ve got a whiteboard easel with their “Business Plan” that you can see from outside. It reads: 1) Gather underpants 2) sell underpants 3) make profit! – i believe that’s the South Park underpants gnomes they’re referencing, which adds a little inside joke because their office is in the South Park area of SF).
Great to see neighbors doing well!
as an anime lover and user of crunchyroll a will ask every one to support crunchroll. because that the right thing to so because of what if we do this more websit will disapper and it would get harder to watch anime then finally there would be no why to watch it. i love watching anime when i come home from school i love watching shugo chara, kirarin revolution, they are my noble master, naruto ,bleach, air, elfied lied, mermaid melody pichi pichi,and other suff and so do thousand of other people. Plus crunchroll united people far aparted i have frieds from englan and other place and i live in america that cool and we woundnt be friends i f not for crunchroll. so every one help out crunch roll pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee for all the anime fans
It’s just interesting how this doesn’t seem to have ever been mentioned on the site.