Tuesday, December 23, 2008

Humor Pays Off, Funny Or Die Raises $3 Million in Cash

Online video comedy site Funny Or Die, founded by actor Will Ferrell, writer/director Adam McKay and writer/producer Chris Henchy and seeded by Sequoia Capital, has raised $3 million in cash from a single, undisclosed investor for "in-kind contributions for marketing, publicity and promotional support for programming." This has been the only filing with the SEC and it's not clear whether this funding is part of the original $15 million investment from earlier this year.

The press on Funny or Die has been picking up but according to MediaPost Publications, "The company has yet to match the success of its April 2007 debut clip "The Landlord" which featured Ferrell and a two-year-old named Pearl. The company says the clip has been viewed more than 60 million times."

Read more here: Will Ferrell site, Funny Or Die, raises $3 million | Technology | Reuters

A Message from George W Bush by Will Ferrell

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About Funny Or Die:
Funny Or Die is a comedy video website (duh) that combines user generated content with original, exclusive content. The site is a place where celebrities, established and up-and-coming comedians and regular users can all put up stuff they think is funny. At the same time, the site hopes to eliminate all the junk that people have to pick through to find videos. That means around here you get to vote on what videos are funny and what videos deserve to die.

Funny Or Die was created by the guys at Gary Sanchez Productions (Will Ferrell, Adam McKay and Chris Henchy) and a bunch of Silicon Valley dudes and ladies who drive Hondas and watch old episodes of Babylon Five. Michael Kvamme, an aspiring young comedian, came up with a concept for a new kind of comedy site and told his dad, Mark Kvamme of Sequoia Capital to write a check. Randy Adams, a Silicon Valley serial entrepreneur, signed on to handle design and implementation. Now, Funny Or Die has offices in Japan, Madagascar and Bahn, nine full time lobbyists in Washington and an elite private security force consisting of four hundred soldiers and six attack helicopters.