Hudl Receive Venture Capital Investment
You might not have heard of Hudl, but it’s how 100,000 sports teams spent $30 million last year to review game tape on mobile. Hudl never raised institutional funding since starting in 2006, but it’s quietly amassed 1 billion video clips and 3.5 million users across 40 countries. Now it’s ready to trounce its competitors with a jaw-dropping $72.5 million round of funding led by Accel that will pay for more sales reps so it can sign up as many teams as possible.
You’d be forgiven for wondering how Hudl isn’t just a niche business. How many teams are really recording game tape to be annotated by coaches and shared with players? Well, since the rise of mobile, the answer is basically all of them, from pros in the NFL and NBA down through college, high school and even little league sports teams.
And they pay. Hudl charges around $1,400 a year per high school and college team. That allowed it to build a software-as-a-service business that won $30 million in revenue in 2014.
Comments
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Bad news for CEO KJV
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Hitting $30 million in revenues in just 8 years is damn impressive since I doubt they are also peddling hookers and blow (always high demand for those).
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Dang, did not realize how big of a bidness they had. That is some skrong work by them. As a unabashed TBS'er I love how easy it is to find basically ANY recruit on there within seconds.
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Wonder how this affects Under The Radar...
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NAMBLA members are a prime demographic.
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That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
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Snapchat is for everyone. Hudl is strictly for the members at NAMBLA.doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
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As a charter member I say thank you!RoadDawg55 said:
Snapchat is for everyone. Hudl is strictly for the members at NAMBLA.doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
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72.5M is not small for an early round, it actually is very large compared to the average (eg not snapchat).doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
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Charter NAMBLA member?CokeGreaterThanPepsi said:
As a charter member I say thank you!RoadDawg55 said:
Snapchat is for everyone. Hudl is strictly for the members at NAMBLA.doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
Paging @NSA_Dawg -
Nice bidness sense...doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
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I only get interested when you start talking about @thechatch kind of money.PostGameOrangeSlices said:
Nice bidness sense...doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
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$15/hour for part-time work at the SeaTac Cinnabon is quite the treasure chestdoogsinparadise said:
@thechatch kind of money.PostGameOrangeSlices said:
Nice bidness sense...doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
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Does that really pay $15/hour? That early out retirement is starting to sound more feasible.PostGameOrangeSlices said:
$15/hour for part-time work at the SeaTac Cinnabon is quite the treasure chestdoogsinparadise said:
@thechatch kind of money.PostGameOrangeSlices said:
Nice bidness sense...doogsinparadise said:That's pretty small change for a web startup, Snapchat raised nearly $500 million during 2014.
