The Company: BitTorrent provides a way for people to share big media files without having to use a super high-speed Internet connection. It has 65 million users worldwide, and claims its files account for 60% of all Web traffic, although other estimates put that closer to 40%. In May, Warner Brothers signed a deal to sell and distribute some 200 movies and TV shows over BitTorrent. Right now the company makes money from advertising, but needs to broaden its business model.
Funding: Cohen has raised $9 million from DCM-Doll Capital Management
Background Check: Cohen wrote the code in 2001 while unemployed and living on credit cards. He never intended it to become a real business -- much less one that would be negotiating with glitzy Hollywood executives. For years he was a one man show, running the site of T-shirt sales and donations.
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