A Brightcove IPO: Perfect Timing With iPad Web Video?

Web video engine Brightcove has just completed a $12 million round of funding from investors who see Web clips as tomorrow's money-maker. Now iPO rumors are swirling. One question remains though: Can Web videos turn a profit?

The new $12 million means that since 2004 Brightcove has raised $99 million in funding--an impressive figure, given the somewhat "lightweight" feel of the Net video business. And what's Brightcove done with its $0.1 billion dollars? Amassed an impressive client base...