ITGumbo: spicing IT up

The Globes has reported that Tel Aviv-based, RayV has received $8 million dollars in second round funding from Accel Partners to create a 24-hour virtual network that can be viewed on TV or on a PC. According to TechCrunch, RayV's technology will provide a "P2P live broadcasting offering in which users will be able to create and broadcast video playlists at 'high video quality.'” With similar sites such as Joost and Veoh, and even several other Israeli companies, the big question is what is the differentiator between RayV and other sites? Another question is, should RayV succeed, will this be the long-awaited-for YouTube killer? For more analysis on RayV's technology, check out the Venture Capital Cafe.