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Helping Vlogs to Flog
The Investor: Steve Krausz, general partner, U.S. Venture PartnersWhat he's backed: PodTech Network, Verity, Vontu What he wants now: A matchmaking site that brings new forms of advertising to one of the Web's fastest-growing new phenomena, the video blog. Popular vlog Rocketboom got the concept off the ground earlier this year by auctioning off 15-second house-produced ads at the end of its Web newscasts; then-host Amanda Congdon also wore T-shirts from startups eager for exposure. Krausz wants a startup that can offer a clearinghouse of placement opportunities from major advertisers like Apple and Nike -- from 10-second trailers to insertion of products in the creative. Videos would be subject to screening and approval by the advertiser, but Krausz thinks that's a service that could eventually be outsourced. Payment to vloggers could be negotiated any number of ways: They could receive fees based on impressions, click-throughs, or both. The startup, of course, would take a healthy cut. What he'll invest: $2 million for a proof-of-concept site and sign-on from a handful of top advertisers Send your pitch to: steve.k@usvp.com. -- S.H. |
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