Thursday, April 10, 2008

Meebo hires adult supervision from Warner Music Group

"Multiple platform instant messaging web service Meebo has hired Carter Brokaw as their Chief Revenue Officer. Meebo launched in September 2005 with investment from Sequoia Capital and Draper Fisher Jurvetson.
Meebo has been popular because it can let people chat online, in most cases even if a firewall would block IM. Translation - you might be able IM on your college network or at work.
Meebo has focused on raising revenues and capital. First, they looked for a buyer, Techcrunch says the rumor is Meebo was hoping to be bought, with a $250 million valuation. Even though their revenues are said to be around $1 million. So rather than sell, they’re getting another round of capital - this time with a valuation of between $175 - $200 million.
Brokaw was vice president of digital media at Warner Music Group for about a year and before that spent over ten years as the vice president of corporate sales at CNET. He’ll head Meebo’s advertising sales and monetization strategy.
Ealier this week Meebo signed on with Brightcove to stream Internet TV on the site."

Who's rich...bitch?

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