Streetfire's Video Network Gets $6.1M
Car enthusiast site Streetfire has raised $6.1 million in a Series A round of funding. The network, which operates around the premise of video-sharing, managed to survive the dot-com bust by opening up for user-submitted content. The funding will pretty much go towards building out the site, and bringing in more premium content from top creators and publishers. The hope to steal market share from YouTube is a lofty goal that most video-sharing networks, like ustream, have in common.