Zencoder (W10) Wants To Be The Amazon Web Services Of Video Encoding

Transcoding videos, which changes the format, size and bit rate of a video file, is an arduous, yet necessary process for media content owners. Many sites outsource the transcoding technology to services like Encoding.com, which offer a SaaS application to format videos. Today, Y Combinator-backed Zencoder is entering the space, hoping to become the Amazon Web Services for encoding.

Full article on TechCrunch

PHP Founder Rasmus Lerdorf Joins Group Payments Startup WePay (S09)

WePay, a startup that’s meant to help take the pain out of managing payments for groups like fraternities and soccer teams, has landed a big new hire: Rasmus Lerdorf, the man who originally created the programming language PHP. Lerdorf, who left Yahoo last November, will be leading development of WePay’s API.  The API will begin rolling out to a small number of developers this summer (you can ask to take part by emailing API@wepay.com ).