06 May
GodTube Raises $30 Million
Have you ever thought that there are investors that would spend money to businesses that have a close relationship with God? I have to agree I never did, but GodTube is here to disagree with me.
According to Rafat Ali, GodTube managed to raise $30 million from GLG Partners, a hedge fund. Guess they have a lot of faith in the business model. GodTube the site that started on a $300 script found lots of people in the US that demand religious programs and exploited it and exploded to the top 1000 websites in September 2007.
Not sure how God and the Internet mix but GodTube is doing nicely and dominates their niche market.
That’s definitely one I would keep my eyes on to see where it’s going.
via Mashable
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May 6th, 2008 at 1:28 am
I think it’s fantastic, the only thing worries me is that the religious niche will be monetized, which is not really the point, but I guess everyone needs to eat.
Good find and nice short, accurate summary!