Another $40 million and Veoh will work, founder promises
Veoh founder Dmitry Shapiro has hired investment bank Bear Stearns to find him another $40 million in venture capital. Shapiro's Veoh, an online-video site, took $26 million only last spring in a round led by Goldman Sachs. If Shapiro finds a $40 million sucker investor, that would set Veoh's value at $150 million. A preposterous surprising amount for a company with flat traffic and content pulled straight from Hulu.