Revver is one of the video start ups which suddenly became well known when the success of market leader YouTube took video sharing from the domain of the geek to a worldwide boom.
The site was launched in late 2005, and has since seen a good level of investment, securing $12.7 million in 2006 from investors that include Turner Broadcasting and the venture capital division of Comcast.
Up For Sale
Now, just over a year later, and the company seems to be up for sale, with News.com claiming an asking price of between $300,000 and $500,000, which includes taking on debts thought to total around $1 million.
Former employees are also claiming the company has shed about half of its total staff over the last 18 months. So what has gone wrong?