Veoh

Veoh is a video-sharing website showcasing both user-generated and professional content. Unlike other video sites, like YouTube and MySpace, Veoh plays back video in its original format. Veoh is privately held and backed by technology and media investors, including Michael Eisner’s Tornante Company, Goldman Sachs, Time Warner Inc., Intel Capital, and Adobe Systems Incorporated.

In September of 2008 Veoh laid off about 15 employees from its St. Petersburg, Russia office, which later closed down.paidContent.org: Veoh Lays Off 15—Not 40 Percent As Rumored... (October 20, 2008) On November 5, 2008 Veoh announced that they would be cutting 18% of its United States staff.TechCrunch: Video Startup Veoh Cuts 18% of Staff (November 5, 2008) Visitors to the Veoh Web site in the U.S. have dropped from 4.5 million people in June of 2008 to 3.8 million in September of 2008. However, CEO Steve Mitgang claims the decision was strategic rather than financial. Veoh has approximately $70 million in funding.CrunchBase: Veoh company profile