Live video streaming company UStream.TV raises $11.1 million
UStream.TV, a live video-streaming application, has raised $11.1 million in a first round of funding from venture capital firm DCM, as well as previous investors Labrador Ventures and The Band of Angels.
Since its launch in March of last year, the broadcasting platform says it has had more than 260,000 broadcasters, 2 million viewer hours per month, 2.2 million unique visitors per month, and 400-600 streams at any given moment. It claims to have grown 325… Continue Reading
UStream.TV looking to raise round, may be getting acquisition offers
Lifestreaming site UStream.TV is rumored to be in talks with Microsoft, for a purchase price of $50 million. However, the company’s chief executive, Chuck Wallace, tells us only that the company is open to offers, and is otherwise talking to VCs about raising a round of venture funding.
Like many competitors, UStream.TV lets you use a webcam and broadcast everything you do, in real-time, over the web (see sample, above), although its particular focus is broadcasting… Continue Reading
Roundup: Pay By Touch needs funding, wave power rolls in and more
Here’s the latest action:
1) Pay By Touch needs $150M to survive
2) Wave power comes to California
3) Contrary to rumors, Google Docs isn’t dead
4) … and neither is eBay
5) Ustream.tv raises funding, serves soldiers
6) MPAA wins case against TorrentSpy
7) Dan Hesse named Sprint CEO
Pay By Touch needs $150M, got any spare change? — Despite sucking in $300 million over the years and not yet coming up with a viable business, Pay By Touch’s chief financial officer… Continue Reading
Justin.tv unlikely to be duplicated
Justin.tv, the non-stop TV show featuring an extremely popular webcam of a guy named Justin in San Francisco (see it in action below), is unveiling a network to allow other people to do the same thing.
The technology required to stream video of your life to large numbers of viewers, while you are constantly on the go, for example in a car, is not as easy as it looks, and Justin.tv has gotten a reputation of… Continue Reading