Pandora TV

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Pandora TV

Type	Private
Founded	October 2004
Headquarters	Seoul, South Korea
Key people	Peter Kim, Founder and CEO Samuel Lee, COO
Industry	Internet video sharing
Employees	120 (2008)
Website	www.pandora.tv

Pandora TV 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 advertisment to user-submitted video clips and to provide unlimited storage space for users to upload.

As of January 2008, the site was visited by 20 million monthly unique visitors. It has over 2.5 million video inventory and 2.5 billion monthly pageviews.

Pandora TV has been ranked as the most viewed user-generated video sharing site in Korea since 2005 and it is ranked within top 15 sites in all Korean websites.(March 2007) 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^[1].

[edit] 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 ^[2]
December 2007 - Launched Pandora TV Global Beta service
March 2008 - Acquired KM Player, a premium video player solution
April 2008 - Officially launched Pandora TV global service offered in four languages (English, Chinese, Japanese and Korean)