EQAL - not to be confused with DECA - raised $5M from Spark Capital, Ron Conway, Marc Andreessen, “Survivor” producer Conrad Riggs and former Google exec Georges Harik as investors.
The company is best known for “lonelygirl15″ and “Kate Modern” and is said to be profitable (thanks to low costs) and a sponsorship deal from News Corp.’s FOX… On the one hand I totally understand raising funds, but by the same token, I wonder why raise money when you have low costs and are in the black with sponsors like FOX.
Oh well… part of the greater trend of 2008 being the year where digital media and web video content gets more and more funding.