TV - the Blip way

Blip.tv, the video sharing site focused on independently produced shows, today announces the closing of its series B financing and its first venture capital investors. The round was led by Ambient Sound Investments (ASI), the venture capital fund established by the four founding engineers of Skype.

Other participants in the round include the venture fund Lauder Partners; Jeffrey Sechrest, Managing Director and co-head of the media and entertainment division of Lazard; Andrew Rasiej, founder of the Personal Democracy Forum; Jonathan Kopp, a partner in the PR, marketing and advertising firm SS+K; and Ken Sawyer, founder of Saints Capital.

Blip.tv, founded in May 2005, is also marking its second anniversary.With ASI's support, blip.tv, which shares revenue with content creators on a 50/50 basis, will expand its ability to give content creators the opportunity to generate revenue by offering new advertising options, advanced technologies, and an extended distribution network to make blip.tvshows available in as many places and on as many devices as possible. The company already distributes user video to destinations with combined reach measured in the hundreds of millions.

Heard of Dina Kaplan? Nope? Lindsey Campbell? Nope? Better press "X" now!