Godtube goes global- hedge funds buy in to 'moral integrity'
The great God Internet bubble rises and rises...Religion is probably as big as pornography on the net, if not bigger. Godtube - the minivideo site for the religiously minded - has raised $30 million at a $150 million valuation from GLG Partners, a hedge fund. The site started with $ 300 and last September became one of the top thousand sites worldwide. Its mission statement, incidentally, is strict: it gives a platform, so it claims, only to socially responsible faith-based organizations,....Representing Baptist, Catholic, Episcopal, Evangelical, Messianic, Methodist and all of the traditional Christian denominations... Security and moral integrity are exceptionally important to the family at GodTube, and we take great pains to protect you and your loved ones. GodTube is family-friendly and is great for all Christians alike, including Christian children.'
Well as the superstitious have always been easy to part from their money, I imagine this hedge fund wants to see if get get in on some of that tithe action.
Posted by: John Dale | 7 May 2008 11:57:37