MeeVee: Someone Please Buy Mee
This story was written by Joseph Weisenthal.
MeeVee, the struggling online video guide, is looking for a buyer. The well-capitalized site announced in a release that it would do better by "combining with an established player", and it's inviting interested parties to shoot them an email (seriously). It also says it's currently in discussions with other parties. The Burlingame, CA-based site lost its CEO last month, and last summer it laid off 20 percent of its workforceit appears it may have laid off even more, as the release says it's down to just seven full time employees. Since its founding in 2000, the company has raised nearly $24 million from investors including Bay Area Equity Fund, Defta Partners, FCPR Israel Discovery Fund, Labrador Ventures, Rothschild Ventures, and WaldenVC. Release.
By Joseph Weisenthal