Web based file transfer is almost no-brainer patent to get quickly huge traffic. The big question is how to keep users in the long run and to build viable revenue model (or at least offset huge bandwidth costs). Alexa diagram shows vulnerability of web file transfer business model on an example of Yousendit.com. Guess where competition comes into this picture?
Still Mountain View-based YouSendIt, Inc. raised a $10 million Series B round of venture capital financing from Sigma Partners, Alloy Ventures and Sevin Rosen Funds. The current funding round brings the total amount raised till now to $20 million. Staggering amount, considering ubiquitous service!
SenduIt.com (no, it’s not misspelling - the name says it all) is stripped down to bare functionality clone of Yousendit.com. Dropsend.com is another web 2.0 styled version of the same basic service as well as ad-littered Megaupload.com and generic Large-File-Transfer.com. There are many Digg clones but they can’t undermine Digg’s position because Digg has built loyal community and because Digg is multifaceted networked service, which is clearly not the case of Yousendit. Probably Yousendit.com has something up its sleeve, something that guys in Sigma Partners know about.