Overview
Originally conceived in 1999, Vidiac launched its video portal product
in February of 2005. In its first year of operation, the company has
been able to grow organically through self funding by the founders as
well as a growing revenue base. In just 7 months following the product
launch the company announced its first profitable month, and has been
able to maintain profitability every month following. Vidiac now offers
its video portal product as a service to more than 50 web sites serving
a Million videos a day to more than 100,000 unique visitors a day in
more than 200 countries.
If your specific question is not covered below, please post
a message in our forum and we will be happy to answer it.
When did Vidiac launch?
Originally conceived in 1999, Vidiac really got moving in 2004 and
finally launched our video portal product on Valentines Day 2005.
Do you have any investors?
Vidiac is self funded by the founders of the company. Seven months
after launch, Vidiac turned its first profitable month, and has been
profitable ever since. Growth has entirely been maintained on revenues.
What is the relationship between Vidiac and StreetFire.net?
StreetFire.net is a separate company, but shares founders with Vidiac.
It was the first Vidiac powered site and by using the Vidiac product
it has grown from obscurity to being the 10,000 most popular web site
online, according to Alexa, in less than a year. By using our own technology
on a successful web site we get a first hand view of what features are
needed to manage a large video portal.
Why are you giving your technology away, why don’t you build
a super-portal like other video web sites?
The founders of Vidiac have our passions, but we feel the person most
qualified to build a video web site about a niche Hobby is someone passionate
enough to have already started a web site about it. We want to give
that person the tools to start their-own self-branded Internet TV channel
on the subject for free.
So, how did
Vidiac do in its first year?
Absolutely amazing! We far exceeded the hopes of the founders and are
growing very fast. In Less than one year we are averaging a million
video streams a day to more than two million visitors a month.
So, what is the next product for Vidiac?
In January of 2005 we are officially launching our Vidiac
Enhanced service. With the growing demand to support and manage
user-generated video content there is strong demand for a “canned
solution” to quickly implement a video portal. Vidiac is able
to leverage aggressive economies of scale on bandwidth, hardware, software
and management pricing and thus is able to offer a fully baked ready
to deploy video portal for a fraction of the cost of in house development.