FilmLoop

FilmLoop Inc. is a company located in Palo Alto, California, founded in 2004 by Kyle Mashima and Prescott Lee.Its main service is the film loop player; a client-server application that allows for windows and mac users to broadcast pictures across the internet using picture storage sites such as photobucket.

ee also

*Photo sharing
*Slide

The following excerpts are from TechCrunch, dated February 12, 2007:

"When I added FilmLoop to the TechCrunch DeadPool last month based on rumors of mass layoffs, it was clear there was more to the story. The thirty person company had raised $11.5 million in capital and by any calculation should have still had at least $3 - $5 million left in the bank. They were trailing Slide, RockYou and Photobucket in their market, but had just launched a completely new platform that was getting good reviews. FilmLoop wasn’t dominating the market, but they were not on the ropes, either."

"In effect ComVentures forced a fire sale of FilmLoop and Fabrik, another company ComVentures invested in, happened to be the only viable acquiror in that limited timeframe. FilmLoop’s desktop and other software will play a part in a future Fabrik consumer storage product. SimpleTech, also acquired by Fabrik and announced today, will provide another piece of the product.

It’s clear that ComVentures had a significant interest in forcing a sale to Fabrik on such a short timetable, during the holidays, when competitive bids would be impossible to find. It’s also clear that this sale was not in the best interests of anyone except themselves. One day, the founders and employees of FilmLoop had a viable company with $3 million in the bank. The next day they had no stock, no job, and no company. At the very least, ComVentures should have abstained from voting on the acquisition."

* See the complete article at: [http://www.techcrunch.com/tag/filmloop/]

External links

* [http://www.filmloop.com http://www.filmloop.com] - official website