Thursday, 12 April 2012

The Hunt For An ?Instagram For Video? Is On, And Socialcam Wants The Crown

Screen shot 2012-04-11 at 4.36.20 PMBy all accounts, Y Combinator's latest Demo Day held last month for its Winter 2012 class was a biggie. With 66 companies presenting their apps, it was pretty impossible to name a startup that was the clear star of the group. But judging from the buzz I've heard over the past few weeks, Socialcam, a mobile app for shooting, editing, and sharing smartphone videos, certainly emerged as one of the standout companies from this latest YC batch -- at least in the eyes of the venture capital investor set. That's why we were pleased have the chance to talk with Socialcam's co-founder and CEO Michael Seibel last week when we visited Founders Den, the co-working space in downtown San Francisco. Watch the interview above to hear Seibel talk about how Socialcam looks at growth just two weeks at a time, why they chose to work in Founders Den rather than renting out their own office, why now is an extremely good time to be a tech startup founder, and more. Of course, something big has happened since we sat down with Seibel: Now that Instagram has been snapped up by Facebook in an eye-popping $1 billion deal, it's become even more clear that the excitement around apps like Socialcam may just be getting started.

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