GodTube Raises $30m for Jesus 2.0 © - ReadWriteWeb
All content, right down to the comments, is vetted by human editors before it appears on GodTube. That labor requirement, in addition to the prevalence of 30 minute long videos, is sure to eat up a large amount of cash. Fortunately for GodTube there’s advertising revenue to be made from the only other nearly-omniscient party on the company’s radar—Google.
The investment comes from a company called GLG Global Investment Management, whose website greets US visitors with a statement explaining that the site is not intended for US audiences and that due to regulatory requirements US residents should leave. Presumably the GodTube founders chose to stay on the site. The London based company is a hedge fund that specializes in trading the debts of “emerging markets” (Third World countries). Charming folks.