I’m not sure if any of you guys heard of this new tube site, but if you download torrents or go to porn sites; I’m 99% sure you had a popup or two showcasing one video or another from VUBE.com.
The site is making industry professionals ask the question, how the hell are they making any money. The short answer is, they are not making any – but they are spending a lot.
Remember my post about START UPS being back? Looks like VUBE is another start up, where the employees only care about milking the VCs out of as much money as possible by giving themselves hefty salaries; everyone is 100% focused on the product – but no one gives a damn about monetizing it so it will stay in business way beyond the time the VC funds run out.
Oh another startup, welcome to the y2k… here we go again, dot com bubble v 2.0 coming up!