Pandora TV

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Pandora TV
Type Private
Industry Internet video sharing
Founded October 2004
Headquarters Seoul, South Korea
Key people Peter Kim, Founder and CEO
Samuel Lee, COO
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[edit]

  • 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[edit]

References[edit]

  1. ^ "Privacy Policy." Pandora TV. Retrieved on September 17, 2011. "Seoul-Gangnam Building 5th Floor #727-16, Yeoksam-Dong, Gangnam-Gu Seoul, Korea 135-921"
  2. ^ "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"
  3. ^ "Fast Search & Transfer wins deal with South Korea's Pandora.TV." Forbes. April 25, 2007. Retrieved on September 17, 2011.
  4. ^ Sung, So-young. "YouTube to launch Web site here, where many others have failed." Joongang Daily. January 22, 2008. Retrieved on September 17, 2011.
  5. ^ "DCM invests in Pandora TV". www.dmwmedia.com. 2007-04-02. Retrieved 2007-04-27. 
  6. ^ "Global Top 100 Tech Startups 2007 Finalists (Red Herring)". December 2007. 

External links[edit]