I'm a huge Jake Lodwick fan and am glad to see he's back into the game. I wish him the best. CollegeHumor, Vimeo, BustedTees; we need more creative entrepreneurs in the world.

To everyone thinking he's crazy for raising before coming up with an idea, the idea is irrelevant.

Your first raise doesn't validate your idea, it validates how good of a pitch man you are.

Your second raise validates your idea as a business.