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YouTube Raises $8 Million from Sequoia Capital

YouTube, the video sharing service, raised $8 million, bringing the total amount it has raised so far to $11.5 million. The backer is Sequoia Capital, the VC that originally financed the startup in November.

YouTube, the video sharing service, raised $8 million, bringing the total amount it has raised so far to $11.5 million. The backer is Sequoia Capital, the VC that originally financed the startup in November.

So, even as the company is just beginning to try to shed its copyright problems and transition to becoming an entertainment partner for big media companies, it's bringing in dough. It's had some recent luck signing up established folks, including E! and Comcast's G4 cable network.