Very interesting company with a very cool name. I like the bubblegum thing :-).
My notes:
– Silvio Scaglia invested $13 Mio of his own money
– The burn rate is 30–40 Mio EUR per year
– Silvio Scaglia wants to generate 100 Mio EUR in revenues within maybe 3 years
– Silvio Scaglia says he is NOT competing with Joost right now: “You first have to build the pie before you can cut it. Right now we are building the pie. We build a whole new industry. So we’re rather working together with Joost than competing right now.”
– Babelgum guarantees a CPM of 5 EUR for content owners.
– Babelgum has 40 employees now
– Babelgum will focus on professional content (no user generated content)
The service is in closed beta now.
Links:
Babelgum blog
Babelgum-Posting of Peter Schüpbach
