Comments on: Best Buy takes minority stake in Mydeo, launches video sharing

By: Philip Wilkinson

Philip Wilkinson — Thu, 01 Nov 2007 15:35:02 +0000

Yes – congratulations Cary and Iain – that’s brilliant news and I know how much hard work you put into it. I’m sure it will be a great success. good luck!

By: Roger Philby

Roger Philby — Wed, 31 Oct 2007 07:42:47 +0000

Andrew – hope you feel ashamed of your post, pathetic.

Well done Cary & Iain, having started a business myself I know how bloody tough it is to make a success of anything, let alone the strides forward you guys have…brilliant.

I am sure Best Buy, will benefit from having Mydeo on their team.

Good luck.

Roger

By: eran lagon

eran lagon — Tue, 30 Oct 2007 19:57:00 +0000

Kudos Mydeo!

It’s great to see that you always kept believing in your service and not followed the “trend” that took many companies down. Sounds like a great deal that will bring on others.

Good luck!

-lagon

By: irfon

irfon — Tue, 30 Oct 2007 17:45:25 +0000

Great post Iain. good to see a UK start up doing business in the US

By: Jay Adair

Jay Adair — Tue, 30 Oct 2007 15:53:36 +0000

Well done Mydeo. Always good to see another London-based startup get in the lime-light.

By: Iain Millar

Iain Millar — Tue, 30 Oct 2007 15:42:18 +0000

Thanks for your kind words Andrew – Cary will be flattered.

We felt there was a lot of synergy in the deal. Best Buy are the largest electronics retailer in the US; around a third of the video cameras sold each year in the US come from Best Buy. Significantly for us, a huge percentage of those are sold to Mydeo’s key target audiences of families and small businesses – as Ben points out – not to the early-adopters or Gen X/Y that obsess so many. Best Buy have been actively investing in products and services to allow them to move beyond selling devices – to create longevity in the brand relationship through provision of services that can yield revenue as well as loyalty – like Mydeo’s.

So Cary and I are pretty proud of our deal. For the record, the whole thing has been done over the phone and via email. So not only do Best Buy have little idea what she looks like, but we’ve kept our carbon conscience clean as well

By: alan p

alan p — Tue, 30 Oct 2007 15:38:57 +0000

@ Andrew…actually Mydeo is interesting for the reason Ben supplies – a different business model. Thats what makes them worth watching.

By: Ben Erickson

Ben Erickson — Tue, 30 Oct 2007 13:29:31 +0000

interesting to see Best Buy’s approach to video sharing of pursuing families (i.e. not teens / young adults, etc.) and also adopting a subscription based money making model instead of the ever present “post your ad publicly, draw huge crowds, charge for advertising” one. It’ll be interesting to see if this approach gains traction.

By: Andrew Smith

Andrew Smith — Tue, 30 Oct 2007 13:21:39 +0000

Would anyone still care about mydeo if it wasn’t for their pretty MD.