{"id":15,"date":"2006-10-09T23:53:35","date_gmt":"2006-10-10T05:53:35","guid":{"rendered":"http:\/\/www.techventurebusiness.com\/index.php\/archives\/15"},"modified":"2008-09-23T19:15:47","modified_gmt":"2008-09-24T02:15:47","slug":"youtube%e3%81%8b%e3%82%89%e8%80%83%e3%81%88%e3%82%8bvc%e3%81%ae%e6%a7%8b%e9%80%a0%e5%95%8f%e9%a1%8c","status":"publish","type":"post","link":"https:\/\/www.techventurebusiness.com\/blog_jpn\/archives\/15","title":{"rendered":"YouTube\u304b\u3089\u8003\u3048\u308bVC\u306e\u69cb\u9020\u554f\u984c"},"content":{"rendered":"<p>\u3042\u3089\u307e\u3042\u3001Google\u672c\u5f53\u306bYouTube\u3092\u8cb7\u53ce\u3057\u3061\u3083\u3044\u307e\u3057\u305f\u306d\u3002Google\u306f\u3053\u308c\u307e\u3067\u57fa\u672c\u7684\u306b\u306f\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u8cb7\u3044\u3060\u3063\u305f\u306e\u3067\u5982\u4f55\u306a\u3082\u306e\u304b\u3068\u601d\u3063\u3066\u3044\u305f\u306e\u3067\u3059\u3051\u3069\u306d\u3002YouTube\u304c\u3044\u3064\u304b\u306f\u8cb7\u53ce\u3055\u308c\u308b\u3068\u3044\u3046\u306e\u304c\u6b21\u7b2c\u306b\u660e\u3089\u304b\u306b\u306a\u3063\u3066\u304d\u3066\u3001\u201d\u4ed6\u4f01\u696d\u306b\u3082\u3063\u3066\u3044\u304b\u308c\u3066\u306f\u56f0\u308b\u201d\u3068\u3044\u3046\u5fc3\u5883\u304c\u975e\u5e38\u306b\u5f37\u304b\u3063\u305f\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002$1.65B\u306eStock deal\u3001\u8a2d\u7acb\u304b\u3089\u50c5\u304b18\u30f6\u6708\u306e\u30d9\u30f3\u30c1\u30e3\u30fc\u306b\u5bfe\u3057\u3066\u591a\u984d\u306e\u3082\u306e\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u81a8\u5927\u306a\u6570\u306e\u52d5\u753b\u3092\u6271\u3046\u305f\u3081\u30a4\u30f3\u30d5\u30e9\u306b\u304b\u306a\u308a\u306e\u30b3\u30b9\u30c8\u304c\u639b\u304b\u3063\u3066\u304a\u308aburn rate\u306f\u4e00\u6708$2M\u304f\u3089\u3044\u3060\u3063\u305f\u3088\u3046\u3067\u3059\u304c\u3001\u6295\u8cc7\u984d\u306f\u3055\u307b\u3069\u3067\u3082\u306a\u304b\u3063\u305f\u3088\u3046\u306a\u306e\u3067\u3001YouTube\u306e\u6295\u8cc7\u5bb6\u306f\u304b\u306a\u308a\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u305f\u306f\u305a\u3067\u3059\u3002VC\u3067\u6295\u8cc7\u3057\u3066\u3044\u305f\u306e\u306f\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u306e\u6709\u540dVC\u3067\u3042\u308bSequoia\u3067\u3001\u8a08$11.5M\u6295\u8cc7\u3057\u3066\u304a\u308a\u3001<a href=\"http:\/\/www.techcrunch.com\/2006\/10\/09\/sequoia-could-take-480-million-from-googleyoutube-deal\/\" target=\"_blank\">TechCrunch\u306b\u3088\u308b\u3068<\/a>\u3053\u308c\u3067YouTube\u306e30\uff05\u3092\u53d6\u5f97\u3057\u3066\u3044\u305f\u3088\u3046\u3067\u3059\u3002\u3068\u306a\u308b\u3068\u6295\u8cc7\u306e40\u500d\u4f4d\u306e\u30ea\u30bf\u30fc\u30f3\u3067\u3059\u306d\u3002\u306f\u3042\u3001\u51c4\u3044\u91d1\u984d\u2026\u3002\u5eb6\u6c11\u306e\u79c1\u306f\u5b9d\u304f\u3058\u3067\u3082\u8cb7\u3044\u306b\u884c\u304d\u307e\u3059\u304b\u306d\u3002<br \/>\n\u3053\u306e\u8cb7\u3044\u7269\u304cGoogle\u306b\u3068\u3063\u3066\u826f\u3044\u3082\u306e\u3060\u3063\u305f\u304b\u306f\u4eca\u5f8c\u306e\u304a\u697d\u3057\u307f\u3068\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u3055\u3066\u3001\u30cf\u30a4\u30ea\u30b9\u30af\u30fb\u30cf\u30a4\u30ea\u30bf\u30fc\u30f3\u306e\u30d9\u30f3\u30c1\u30e3\u30fc\u6295\u8cc7\u306b\u304a\u3044\u3066\u3082\u3053\u306e\u3088\u3046\u306a\u7279\u5927\u30db\u30fc\u30e0\u30e9\u30f3\u306f\u305d\u3046\u3042\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002VC\u304c\u6295\u8cc7\u3092\u52df\u308b\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u671f\u9593\u306f\u5927\u69825\uff5e7\u5e74\u304f\u3089\u3044\u3067\u3001\u305d\u306e\u9593\u306b\u69d8\u3005\u306a\u30d9\u30f3\u30c1\u30e3\u30fc\u306b\u6295\u8cc7\u3092\u3057\u3066\u3001\u671f\u9593\u6e80\u4e86\u6642\u306b\u5168\u4f53\u3068\u3057\u3066\u305d\u306e\u30cf\u30a4\u30ea\u30b9\u30af\u306b\u898b\u5408\u3063\u305f\u30ea\u30bf\u30fc\u30f3\u3092\u6295\u8cc7\u5bb6\u306b\u8fd4\u3055\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u4f8b\u3048\u3070\u305d\u306e\u30d5\u30a1\u30f3\u30c9\u309210\u793e\u306b\u6295\u8cc7\u3057\u305f\u3068\u3057\u307e\u3059\u3002\u5168\u3066\u304c\u4e0a\u624b\u304f\u884c\u304f\u308f\u3051\u3067\u306f\u306a\u3044\u306e\u3067\u30011-2\u793e\u3067\u30db\u30fc\u30e0\u30e9\u30f3\u3092\u3060\u3057\u3066\u30011-3\u793e\u306e\u30ed\u30b9\u3092\u88dc\u3063\u3066\u3001\u6b8b\u308a\u3067\u305d\u3053\u305d\u3053\u306e\u30d2\u30c3\u30c8\u3092\u3060\u3059\u3001\u3068\u3044\u3046\u306e\u304c\u901a\u5e38\u306e\u30d1\u30bf\u30fc\u30f3\u306b\u306a\u308a\u307e\u3059\u3002\u306a\u306e\u3067\u30db\u30fc\u30e0\u30e9\u30f3\u3068\u30d2\u30c3\u30c8\u306e\u6570\u3068\u5927\u304d\u3055\u304c\u7d50\u679c\u3092\u5de6\u53f3\u3059\u308b\u308f\u3051\u3067\u3059\u3002<\/p>\n<p>\u3053\u306eVC\u30e2\u30c7\u30eb\u306b\u4e00\u77f3\u3092\u6295\u305a\u308b\u4e8b\u304c\u3053\u306e\u571f\u66dc\u65e5\u306b\u3042\u308a\u307e\u3057\u305f\u3002\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u306e\u7531\u7dd2\u3042\u308bVC\u3067\u3042\u308bSevin Rosen\uff08\u904e\u53bb\u306b\u306fCompaq\u3001Lotus\u3001Citrix\u3001Cypress Semiconductor\u7b49\u3092\u8f29\u51fa\u3057\u3066\u6765\u305f\u4f1a\u793e\u3067\u3059\uff09\u304c\u7b2c\u5341\u756a\u76ee\u306e\u30d5\u30a1\u30f3\u30c9\u3078\u306e\u6295\u8cc7\u3092\u52df\u3063\u3066\u3044\u305f\u306e\u3067\u3059\u304c\u3001\u305d\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u30ad\u30e3\u30f3\u30bb\u30eb\u3059\u308b\u3053\u3068\u306b\u3057\u3001\u73fe\u6642\u70b9\u3067$250M-$300M\u7a0b\u3042\u308b\u6295\u8cc7\u78ba\u7d04\u3092\u53d7\u3051\u53d6\u3089\u305a\u6295\u8cc7\u5bb6\u306b\u8fd4\u4e0a\u3059\u308b\u3068\u767a\u8868\u3057\u305f\u306e\u3067\u3059\u300290\u5e74\u4ee3\u30d0\u30d6\u30eb\u306e\u7d42\u308f\u308a\u9803\u306b\u306f\u3053\u306e\u8cc7\u91d1\u8fd4\u4e0a\u304c\u3044\u304f\u3064\u304b\u3042\u3063\u305f\u3082\u306e\u306e\u3001\u3053\u306e\u3088\u3046\u306a\u4e00\u6d41\u306eVC\u304c\u8cc7\u91d1\u8fd4\u4e0a\u3092\u3059\u308b\u306e\u306f\u521d\u3081\u3066\u3060\u305d\u3046\u3067\u3059\u3002Sevin Rosen\u306f\u4e3b\u306a\u7406\u7531\u3068\u3057\u3066\u3001\u201dtoo much money\uff08\u30d9\u30f3\u30c1\u30e3\u30fc\u5e02\u5834\u306b\u8cc7\u91d1\u304c\u6709\u308a\u4f59\u3063\u3066\u3044\u308b)\u201d\u3001\u201dtoo many deals funded in almost every conceivable space (\u8003\u3048\u3089\u308c\u308b\u9650\u308a\u307b\u307c\u5168\u3066\u306e\u696d\u754c\u3067\u591a\u3059\u304e\u308b\u7a0b\u306e\u4f01\u696d\u304c\u65e2\u306b\u6295\u8cc7\u3092\u53d7\u3051\u3066\u3044\u308b)\u201d\u3001\u201dterribly weak exit environment and it sees no chances in the foreseeable future (IPO\u3084M&amp;A\u306eexit\u74b0\u5883\u304c\u975e\u5e38\u306b\u60aa\u304f\u3001\u4eca\u5f8c\u597d\u8ee2\u3059\u308b\u3068\u306f\u601d\u3048\u306a\u3044)\u201d\u3092\u6319\u3052\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>1\u70b9\u76ee\u306f<a href=\"http:\/\/www.techventurebusiness.com\/index.php\/archives\/8\" target=\"_blank\">\u5148\u65e5\u3082\u66f8\u3044\u305f<\/a>\u3068\u304a\u308a\u3067\u3059\u30022\u70b9\u76ee\u30683\u70b9\u76ee\u306e\u524d\u534a\u90e8\u5206\u306f\u7a0b\u5ea6\u306e\u5dee\u3053\u305d\u3042\u308c\u540c\u69d8\u306e\u610f\u898b\u306e\u65b9\u3082\u591a\u304f\u307f\u3089\u308c\u307e\u3059\u3002\u610f\u898b\u304c\u5927\u304d\u304f\u5206\u304b\u308c\u308b\u306e\u306f3\u70b9\u76ee\u306e\u5f8c\u534a\u90e8\u5206\u3001\u3064\u307e\u308a\u3053\u306e\u72b6\u6cc1\u304c\u5e02\u5834\u306e\u30c8\u30ec\u30f3\u30c9\u306a\u306e\u304b\u305d\u308c\u3068\u3082\u69cb\u9020\u7684\u306a\u5909\u5316\u306a\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002Sevin Rosen\u306e\u4eca\u56de\u306e\u6c7a\u5b9a\u306f\u3053\u308c\u3092\u69cb\u9020\u7684\u306a\u5909\u5316\u3060\u3068\u3057\u3001\u30d5\u30a1\u30f3\u30c9\u306e\u69cb\u9020\u3084\u904b\u55b6\u3001\u6216\u3044\u306f\u6295\u8cc7\u306e\u65b9\u6cd5\u3092\u629c\u672c\u7684\u306b\u898b\u76f4\u3059\u5fc5\u8981\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u57fa\u3065\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4ee5\u524d\u306e\u6295\u7a3f\u3092\u8aad\u3093\u3067\u304f\u3060\u3055\u3063\u305f\u65b9\u306f\u304a\u5bdf\u3057\u3055\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u79c1\u306f\u69cb\u9020\u7684\u306a\u5909\u5316\u3060\u3068\u3044\u3046\u610f\u898b\u3067\u3059\u3002\u3053\u3053\u66ab\u304fIPO\u306e\u4ef6\u6570\u306f\u78ba\u304b\u306b\u5c11\u306a\u3044\u3067\u3059\u304c\u3001 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