Monday, November 26, 2007

Joost: From the founders of Skype

While ebay wrote off a substantial amount of its skype investment, the founders took it to create their next venture called Joost which is basically anytime, anywhere TV off the net. If you have a good broadband connection you can basically watch most of Americas TV Channel's online - more importantly for free. I tried it but its asking too much for an indian broadband connection but I could actually see some stuff.

They will probably sell this to ebay as well;) given the loss ebay has made on skype - it should have a right of first refusal on any future project of these guys. Given that ebay took such a huge loss on skype, the promoters will also lose a lot of negotiation power in the future ventures - a good example of why one shouldnt be greedy:)

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