Think about all that video sitting on your hard drive, all those clips of the kids, the vacations, the graduations, your karaoke parties. Now imagine actually doing something with it.
Enter the Web-based video-editing service Magisto, which today announced its public rollout, along with $5.5 million in a series B funding round led by Horizons Ventures, the private venture firm of Li Ka-shing, the world's 11th richest man.
Li, who has an estimated net worth of $26 billion, is known for making smart early-stage investments in companies like Facebook and Spotify. Magma Venture Partners, an original investor in … Read more