Skyrider Sees $$ in P2PSkyrider Sees $$ in P2P

Skyrider formally launched the company

August 3, 2006

1 Min Read

MOUNTAIN VIEW, Calif. -- Skyrider (http://www.skyrider.com), developer of a new peer-to-peer (P2P) networking platform, today formally launched the company. After two years of development, the company is disclosing its vision of the opportunities for monetizing peer-to-peer (P2P) networks and the beginnings of its plan to capitalize on these opportunities. The company has also indicated that its first product will be announced in the fall.

Led by new chief executive officer Ed Kozel, Skyrider's founders and executive management includes a team (http://www.skyrider.com/about/management.php) of experienced media and networking entrepreneurs. To build its initial system, Skyrider is funded by leading venture capital firms Charles River Ventures and Sequoia Capital.

"The use of P2P networks is so widespread that now they are the dominant traffic on the Internet," said Randy Ditzler, of Sequoia Capital a Skyrider Investor. Recent studies (http://www.skyrider.com/market/statistics.php) reveal that 75 percent of consumer Internet traffic is P2P. "P2P networks are maturing and diversifying and the utilization of these networks has created some very compelling business opportunities. Skyrider is the first to focus on creating a platform and products to seize these business opportunities."

P2P networks have become popular for entertainment file sharing applications because of the dramatically better economics of storing and distributing large data files. As a result of these economics, P2P has the potential (http://www.skyrider.com/blog/) to be the dominant network architecture of this century.

Skyrider

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