Blip.tv is going through some changes, with founder Mike Hudack gone and a search for a new CEO still ongoing. But the company raised a $6 million C round from its two main investors in December, and now just added to that with another $6 million credit facility from Silicon Valley Bank. There is also a new logo, and the company is now called just Blip. So how is the indie Web video distribution service doing? "We essentially doubled revenue in 2011," reports COO Steve Brookstein.Source: http://feedproxy.google.com/~r/Techcrunch/~3/UNhGIuR-L7A/
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