GodTube takes $30M to tube God
YouTube doesn’t quite fit the Christian ideal of humbleness, now does it? Offering a dose of higher power — and, we hope, more inspired acting — than can be found on YouTube, GodTube is reaching out to the world’s two billion or so Christians.
Given that market size, the $30 million funding that paidContent is reporting doesn’t seem quite as large. GodTube gives an outlet to churches, missionary services and others who want to spread their message, and is also dabbling in social networking.
Religious sites seem to be a trend on the rise, as we reported last year. However, there’s one worrying detail for Godtube — following a traffic spike last year, the site’s monthly visitor count appears to have leveled off at under a million unique visitors a month, at least according to Compete. If Compete’s numbers are even remotely accurate, GodTube has a steep hill to climb (or sea to part) to live up to the $150 million valuation paidContent suggests.
The funding was provided by GLG Partners. GodTube previously took $2.5 million from private investors.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.