Pandora TV
| Private | |
| Industry | Internet video sharing |
| Founded | October 2004 |
| Headquarters | Seoul, South Korea |
Key people |
Peter Kim, Founder and CEO Samuel Lee, COO |
Number of employees | 120 (2008) |
| Website | www.pandora.tv |
Pandora TV (판도라TV) is a video sharing website that hosts user-generated content. Founded in October 2004, Pandora TV is the first video sharing website in the world to attach advertisement to user-submitted video clips and to provide unlimited storage space for users to upload. The operating company, Pandora TV Co., Ltd., has its headquarters in the Seoul-Gangnam Building in Yeoksam-dong, Gangnam-gu, Seoul.[1][2]
In 2007 it was the fastest growing website in South Korea.[3] In 2008 it was the largest video sharing website in South Korea, and it had 3.6 million members. At the time it had 35% of the Korean marketshare for video sharing sites.[4]
The site is available in Korean, and since April 2008, in English, Chinese, and Japanese.
Pandora TV raised over $16 million from Silicon Valley venture capital firms - Altos Ventures and DCM - in two consecutive funding rounds 2006 and 2007, which represents the largest foreign investment made so far on any Korean Internet start-up.[5]
Company history
- October 2004 - Launched video sharing portal Pandora TV
- October 2005 - Launched iCF ad format
- October 2005 - Changed the corporate name from Lettee.com to Pandora TV Co.
- June 2006 - Completed Series A financing of over $6 million from a Silicon Valley-based investment group led by Altos Ventures
- April 2007 - Completed Series B financing of $10 million led by DCM (formerly known as Doll Capital Management)
- December 2007 - Selected as one of the Top 100 Global Tech Startups in 2007 by Red Herring [6]
- December 2007 - Launched Pandora TV Global Beta service
- March 2008 - Acquired The K-Multimedia Player, a premium video player solution
- April 2008 - Officially launched Pandora TV global service offered in four languages (English, Chinese, Japanese and Korean)
See also
References
- ↑ "Privacy Policy." Pandora TV. Retrieved on September 17, 2011. "Seoul-Gangnam Building 5th Floor #727-16, Yeoksam-Dong, Gangnam-Gu Seoul, Korea 135-921"
- ↑ "Report Personal Rights Violation." Pandora TV. Retrieved on September 17, 2011. "Copyright Infringement Report Center Pandora TV Inc.5F. Seoul Gangnam Bldg, #727-16 Yeoksam-dong Gangnam-gu, Seoul 135-921, South Korea"
- ↑ "Fast Search & Transfer wins deal with South Korea's Pandora.TV." Forbes. April 25, 2007. Retrieved on September 17, 2011.
- ↑ Sung, So-young. "YouTube to launch Web site here, where many others have failed." Joongang Daily. January 22, 2008. Retrieved on September 17, 2011.
- ↑ "DCM invests in Pandora TV". www.dmwmedia.com. 2007-04-02. Retrieved 2007-04-27.
- ↑ "Global Top 100 Tech Startups 2007 Finalists (Red Herring)". December 2007.