Demand Media Founder Raises $20 Million for TV-Clipping Startup

Richard Rosenblatt is launching a startup called Whipclip in private beta today, striking a series of deals with big media companies and attracting a roster of entertainment and venture investors to back a mobile app that allows consumers to clip popular moments from television.

While Rosenblatt declined to give precise figures about his funding, several sources said Whipclip had raised $20 million at a $100 million valuation. The money will be used to add to its staff of 25, located in both Santa Monica and Tel Aviv in Israel

via Demand Founder Raises $20 Million at a $100 Million Valuation for Legal TV-Clipping Startup Whipclip | Re/code.