Funding Received
$1.8 Million in 1 Round from 2 Investors
Most Recent Funding
$1.8 Million Series A on December 1, 2005
Founded:
January 1, 2004
Headquarters:
Culver City, CA
Description:
Crackle is a multi-platform video entertainment network and studio, distributing movies, TV shows and programs in users’ favorite genres.
Founders:
Josh Felser, David Samuel, Aviv Eyal
Categories:
Consumer Electronics, Content, Internet, Television, Entertainment, Video, Games
Website:
http://www.crackle.com

Detailed Description

Update

Founded as Grouper in 2004, the Sony owned Crackle has taken a long and eventful path to its current status. Finding itself far behind competitor YouTube in terms of pure user numbers, the company (then grouper) began differentiating its product by changing its architecture. Originally a downloadable program, grouper became browser based and added a desktop video editor and a closed P2P content distribution element to its arsenal. With perfect software for a major distributor but a lack of users, Grouper was a prime target for acquisition and was bought by Sony for $65 million, approaching $120 per user by some estimates.

Reportedly Grouper turned down a $10 million second round of financing to gain the content support of the major media company. President of Grouper, David Samuel, was no stranger to acquisitions, having sold his old company, Spinner.com, to AOL in 1999 for $320 million. Grouper was set to become a distribution platform for Sony's vast video catalogue, a streaming video site for lower quality video and a place where fans could make mashups of Sony Content.

Grouper was quiet for a while after its acquisition, however, it was reborn Crackle after a complete overhaul of its website in July of 2007. Crackle is now a destination video site for professional producers and anyone hoping to become one. Crackle consists of 12 channels which range in flavor from animation to news. Crackle is ad supported.

Although Crackle still lacks in user numbers, it has an incredible asset in Sony and its expansive media empire. Few other startups can match what Crackle can now offer.

Current Team (1)

Update

Past Team (10)

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Funding Rounds (1) - $1.8M

Update

Board Members and Advisors (1)

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Products (1)

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  • Hwddwdpx5vbxajg8fqzj

    Crackle

    Crackle users battle each other to the top of the pyramid in hopes of getting their work...

Investors (2)

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  • D40218ca67e93eaa66bbffdf961631da

    DAG Ventures

    The firm invests in a variety of IT, energy, and life sciences companies.
  • E263c5f817d2c5e1560d125533a1b524

    T-Venture

    T-Venture is the venture capital company of Deutsche Telekom, an integrated telecommunications...

Offices/Locations (1)

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  • Office

    10202 W. Washington Blvd

    SPP 1127b

    Culver City, CA 90232

    USA

Competitors (4)

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  • 06f98aab40a0c725cc8e7a7dbbc3b9a0

    Veoh

    Veoh is an Internet TV service enabling viewers to discover, watch and personalize their online...
  • Cb default image

    Motionbox

    Motionbox is a video sharing service providing video format support and online space for sharing...
  • Fbtlhyxk9uxa2kn3odnn

    Dailymotion

    Dailymotion is a video-sharing website that allows users to upload, share and view videos.
  • 587650443da4ac269f1b4702ed1f5b43

    YouTube

    YouTube, a video-sharing platform, allows users to upload, view and share videos, including movie...