[asanwal]

When Viddy raised money, it was when folks were jumping on the who will be the "Instagram of video" bandwagon.

Socialcam and Viddy appeared to be the front-runners for that, but then certain things got in the way

- FB cracked down on both for being aggressive with people's feeds. This killed growth.

- SocialCam got acquired for $60M by Autodesk which as a comparable transaction wasn't very favorable for Viddy (on a price/user valuation multiple basis since there was little to no revenue)

- Investors had control of the board and likely decided based on the above and other factors (such as company founders departing) that this was throwing good money after bad and so decided to take their money back