Valleywag
EQAL, the L.A. Web-video studio which first brought you Lonelygirl15's bedroom antics, today announced it's raised $5 million in funding. The moneymen backing Bree's braintrust include angel investor Ron Conway, Netscape cofounder Marc Andreessen, reality-TV producer Conrag Riggs, former Google exec Georges Harik, and Spark Capital. Bree, who made the cover of Wired is gone from Lonelygirl15, having been killed off, but the series continues, as does EQAL's KateModern, which now runs on Bebo. EQAL CEO Miles Beckett and president Greg Goodfried told the Wall Street Journal the company is already profitable, having earned money with product placements woven into plotlines. Sounds more plausible than selling online ads.
Ron Conway and Marc Andreessen love Lonelygirl15
Read More:
9:40 AM on Thu Apr 17 2008
By Nicholas Carlson
600 views
Comment
Start a discussion:
Login with your username and password below. Or comment on this post via email.
Forgot your username or password? New User?