Back in September, we covered the launch of MyStrands.tv, the
music video accompaniment to MyStrands, a social music network.
At the time, we compared it to other video sharing site, and said that it was the equivalent of YouTube just for music lovers.
Now it’s safe to say the company (we presume
it’s past the “startup”
stage) is doing quite well for itself. It boasts a steady and sizable
usership. It’s introduced quite a few compelling features
over the last
twelve months or so. And it’s still pushing pretty strong.
BBVA Are Convinced
So strong, in fact, that a group of investors, led by BBVA
(some Spanish bank neither I nor likely most of you have ever heard
of), have offered up $24 million in a
round of funding dubbed Series B2.
Now, if you’ve been following our feed for, say, the
last year or
so, you’ll know we tend not to cover the funding rounds
announced by
the media.
In most cases we find them dull. (Perhaps the disinterest
has to do with the chosen nomenclature. “Series
B2”? Come on, spice it
up a bit, guys. That’s $24 million [bleeping] bucks now
stuffed inside
that beer fridge at the office. Get creative with the PR.)
And, quite frankly, it’s more something that Michael
Arrington and
the writer staff at TechCrunch excel at.
They’re the ones
that have the
financing fetish.
Mind you, if anyone wants to send $24 million our
way, we could probably change things up and spend portions of our days
waxing poetic about the green gravy train travelling the Valley.
MyStrands Has Doubled Its Financing In A Year
We’ve been privy to the goings on at MyStrands
for a while now,
so we thought we’d make a slight exception and post a word or
two – or,
you know, four-hundred – about the
company’s success in all
but doubling it’s total financing to date. (In June it nabbed
$25m, and
before that about $5-6m. Where from, who the hell knows.)
So, cheers to all you at MyStrands on the $24 million
infusion.
Quite an achievement. Not so much a record. The guys with the green
liked you $1m more back in June. But nonetheless, you’re
doing pretty
well for yourselves.
Paul Glazowski is a contributing author discussing the social networking world, his work can be found on Profy.com
