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Pricing on the cloud-based service has not been announced yet, but the release will further bolster the cloud offerings from DreamHost. DreamHost was named one of the "hottest products" by industry publication at the show, and apparently is getting set for general availability of the service this summer. READ MORE>>.
Founded in January 2010 by Stephen Hood (ex-Delicious head of product), Dave Baggeroer (Stanford’s Institute of Design), and Josh Whiting (ex-senior engineer at Delicious and Craigslist). Current round: $8.1mm in Series C by S3 Ventures (lead), Adams Capital Mgmt, Triangle Peak Partners. MetaMarkets.
They started by offering cloud storage (S3) on a super cheap, pay-as-you consume basis. They knew the venture math that if only 50 companies / year are sold North of $100 million the entry price for their investments mattered. They came from a different perspective. These people understand that the nature of startups have changed.
Fox bought MySpace for $580 million and then did a deal with Google worth more than the purchase price to serve up ads. MySpace would liked to have owned YouTube but didn’t have the public stock valuation to purchase them at the price that Google did. At the bottom end of the stack is storage (S3) and processing (EC2).
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