Revver is a user-submitted video sharing platform much like YouTube. What sets it apart from YouTube is that they share revenue with their users. YouTube has revenue sharing, but only for select publishers. Revver on the other hard offers this to everyone. I really like the service and it gave me another avenue to make some extra money. Sometimes I make videos for this blog or for ThinkComputers so uploading them to Revver to make a few bucks is better than YouTube. I also think the Revver player looks good. You don’t just make money if someone watches the video on the Revver website, if you or anyone else embeds the video onto a website you make money whenever it gets played, not bad right?

I started using Revver back in December and I had no idea they were in trouble. The site was started in 2004, before user-submitted video was really even popular. By 2006 they had received over $12.7M in investments from such companies as Comcast Interactive and Turner Broadcasting. You would think with all that funding and good service (in my opinion) they would be doing alright, but I guess not.

It seems half the companies staff has left in the last 18 months and the Revver has a debt of around $1M. Last month it was reported that LiveUniverse, a network of entertainment sites owned by Myspace founder Brad Greenspan had agreed to acquire the site, but the deal never materialized. There were also talks with Microsoft’s Soapbox (MSN Video), but they didn’t bite. Revver is looking for a measly $300,000 to $500,000 with assumption of their $1M debt. With that low of a price I hope someone picks them up. I would hate to see the site die, I really love their rev share model and their player. Here is one of my Revver videos.